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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 ...
A representative payee can be a person or an entity appointed by the Social Security Administration — usually a relative or close friend of the beneficiary. However, the Social Security ...
Representative payees are required by law to use the benefits in the beneficiary’s best interest. If a payee misuses benefits, they must repay the misused funds. A payee who’s convicted of ...
Some states and counties have representative payee agencies (also called substitute payee programs) which receive the benefits on behalf of the disabled person's social worker, and disburse the benefits per the social worker's instructions. Almost all children eligible for SSI have representative payees (typically a parent or other family member).
A payee can be very helpful in the instance of homeless individuals who need assistance paying down debts (like utility bills) and saving for housing. About 10 percent of disabled worker beneficiaries have representative payees and about 5 percent of disabled widow(er)s have representative payees.
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 substitute check must accurately represent all information depicted on the front and back of the original paper check at the time the financial institution removes or truncates the check from the process, including the names of the payor and payee, the courtesy and legal amounts, endorsements, and encoding information, among other details.
Makes representative payees liable for any OASDI or SSI overpayment made to a beneficiary who is deceased. [ 4 ] Requires the SSA to create a record under the representative payee's Social Security Number to establish overpayment control.