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In a blog posted on the SSA website on Dec. 29, 2022, the agency said that when it assigns a representative payee, it selects someone who knows the beneficiary’s needs and can make decisions ...
The Social Security Administration (SSA) estimates that more than 8 million people who get monthly Social Security or Supplemental Security Income (SSI) payments need help managing their money ...
The SSA noted that advance designation is not an appointment of a representative payee and it does not give power of attorney. Advance designation is also optional, and you can update or withdraw ...
A representative payee, or substitute payee, is a person who acts as the receiver of United States Social Security Disability or Supplemental Security Income for a person who is not fully capable of managing their own benefits, i.e. cannot be their own payee. The representative payee is expected to assist the person with money management, along ...
The Social Security Advisory Board commissioned a study of the Social Security Administration's representative payee program and held a policy forum in 2020 on the topic. The study noted the difficulty SSA field staff face in determining the need for representative payees and finding suitable payees particularly when family members are not ...
Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
The concept behind Social Security has remained essentially the same since it was conceived back in 1935. However, the specific details regarding funding, payout amounts and other factors are ...
The Social Security Administration recently posted a November 2022 update on its website, with much of the focus on the 8.7% cost-of-living adjustment that will boost Social Security and ...