It is best to consult your financial and tax advisor but generally, Social Security and Medicare are NOT affected. Although, some needs based benefits such as Medicaid and Supplemental Security income may be affected.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.