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What is a Social Security Representative Payee? AARP Form
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People also ask
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What are the rules for representative payees?
Your representative payee must use your benefits to pay for your needs. These could include payment for food, shelter, clothes, medical care and personal comfort items. Also, your representative payee must tell SSA of events that could change the amount of, or affect your right to receive, benefits.
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Can AARP help with Social Security?
AARP's Social Security Resource Center presents our members with answers to questions on applying for retirement, spouse, survivor or disability benefits, the workings of the cost-of-living adjustment (COLA), and delayed retirement credits in an easy-to-understand manner.
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Who owns the funds in a rep payee account?
Account titles must show the funds belong to the beneficiaries and not the representative payee. The account must be separate from the organization's operating account. Any interest earned belongs to the beneficiaries.
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What to do if your payee is stealing your money?
If the SSA discovers your payee is stealing or misusing your money, they will take appropriate action and will appoint another payee to help you manage your money. Call Social Security at (800) 772-1213 for more information. You can also call the Disability Law Center at (800) 662-9080 for more information.
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Who Cannot be a representative payee?
A representative payee applicant may not serve if he/she: (a) Has been convicted of a violation under section 208, 811 or 1632 of the Social Security Act. (b) Has been convicted of an offense resulting in imprisonment for more than 1 year.
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How do rep payee accounts work?
Representative payees can be either individuals or organizations, and they are appointed by the SSA to manage a beneficiary's benefits. 1 They also have fiduciary duties, meaning that they are required by law to manage the funds only in the best interest of the beneficiary.
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What does a Social Security representative payee do?
A representative payee is a person, agency, organization or institution we select to manage your benefits when we determine that you are unable to do so yourself or direct others to do it for you.
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When a representative payee manages your money?
After paying those expenses, your payee can use the rest of the money to do things like pay any past-due bills you may have or give you spending money. If there's money left, your payee should save it for you. Your payee must keep accurate records of how they spend your money.
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