Since most Medicare payments come out of monthly Social Security checks, millions of Americans wonder whether factors like medical debt can impact how much money they receive. The answer, according to Jessica Robinson, owner of the estate-planning company Family Nest North Central Florida: “Private hospitals and regular medical providers usually cannot directly take Social Security benefits before they reach a bank account. However, federal debts connected to Medicare or government overpayments can create very different situations.” Below we share everything seniors need to know about medical debt and Social Security and reveal whether there are ways to protect their money.
What to know about Social Security and medical debt
When…