There are so many people that need help, there is really no time to rest. People have not had jobs or money for years and dyingly need money to survive. Especially in Michigan.
In all children’s cases, the Social Security Administration appoints a “representative payee” to manage the funds for the child. A representative payee is a person appointed by the Social Security Administration who is paid the benefits to use on a beneficiary’s behalf. Usually the representative payee is a legal guardian, relative, friend or sometimes an organization. The job entails a great deal of responsibility. The payee must be responsible, must know how to manage money, and keep it apart from their own money.
Representative payees must use the money for the beneficiary’s food, shelter, clothing, medical care, and personal comfort items. If there is any money left, it should be saved in an interest bearing account – if there is such a thing these days, or in savings bonds.
In my case, as is true with many cases, the child received a large past due amount. In this situation, the representative payee must establish a “dedicated account” in a bank. The account may be a savings, checking or money market account. The account may only be used for:
Medical treatment and education or job skills training; Personal needs assistance related to the child’s disability – special equipment, housing modification and therapy or rehabilitation; or Any item or service that related to the child’s disability that the Social Security Administration “SSA”) deems would be appropriate. A representative payee is required to obtain approval from the SSA before incurring the expense. The payee must keep a record of all money taken from this account and retain receipts for all items or services bought because Social Security will review these records once a year.
Being a representative payee is not easy and requires good record-keeping. If the SSA determines that the payee misused the funds in the dedicated account, the SSA may require the payee to pay it back out of his or her money.
testing
ReplyDeleteIn all children’s cases, the Social Security Administration appoints a “representative payee” to manage the funds for the child. A representative payee is a person appointed by the Social Security Administration who is paid the benefits to use on a beneficiary’s behalf. Usually the representative payee is a legal guardian, relative, friend or sometimes an organization. The job entails a great deal of responsibility. The payee must be responsible, must know how to manage money, and keep it apart from their own money.
ReplyDeleteRepresentative payees must use the money for the beneficiary’s food, shelter, clothing, medical care, and personal comfort items. If there is any money left, it should be saved in an interest bearing account – if there is such a thing these days, or in savings bonds.
In my case, as is true with many cases, the child received a large past due amount. In this situation, the representative payee must establish a “dedicated account” in a bank. The account may be a savings, checking or money market account. The account may only be used for:
Medical treatment and education or job skills training;
Personal needs assistance related to the child’s disability – special equipment, housing modification and therapy or rehabilitation; or
Any item or service that related to the child’s disability that the Social Security Administration “SSA”) deems would be appropriate.
A representative payee is required to obtain approval from the SSA before incurring the expense. The payee must keep a record of all money taken from this account and retain receipts for all items or services bought because Social Security will review these records once a year.
Being a representative payee is not easy and requires good record-keeping. If the SSA determines that the payee misused the funds in the dedicated account, the SSA may require the payee to pay it back out of his or her money.