I am planning to play fantasy football in a $100 entry fee league, will this in anyway affect my ssi income and insurance?
You spending $100 for an entry fee will not have any affect on your SSI.
If you win a monetary prize and receive
$1481 or more, then your monthly benefit would be reduced,
as that is the monthly earnings limit.
the winner recieves $459
Then you would have no problem.
If I win this amount do my benefits get reduced and does that affect my insurance from ssi?
Your benefits will not be reduced.
How about the medicaid, will that in any way shape or form be affected?
the prize is too small.
So I can play and there will be no problem from the SSI office, is that Correct? Will I need to report the said amount to SSI?
Their will b no problem,
if the amount is under the earning limit you do not have to report it.
Thank you for your time, I will accept this and have a good night!!!
Good luck, and if you have any further questions please do not hesitate to ask.
13 years experience in social security