What is SSA 623 form?
Form SSA-623 requires the representative payee to account for all benefit funds issued within a particularly time period. The SSA sends notices for this form to be completed on an intermittent schedule.
Can I fill out the representative payee Report Online?
You must be 18 or older to complete the Representative Payee Accounting Report online. If you are under 18 and a representative payee, you must complete the paper Representative Payee Report form you received in the mail and return it to the address shown on the form.
How do I change my representative payee for Social Security?
When you want to change your rep payee, go to your Social Security Administration field office and request a change of payee. You will be given a form to fill out, and guidance will be provided if necessary.
What is a representative payee report for Social Security?
As a representative payee, you are responsible for keeping records and, when requested, reporting to us how you spend the benefits received on behalf of a Social Security beneficiary or Supplemental Security Income (SSI) recipient.
What are annual accounting reports for SSI?
The Annual Report of the Supplemental Security Income Program, provides comprehensive information on the SSI program in accordance with the mandate in section 231 of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
Can a payee go to jail?
Representative payees are not allowed to use any of the Social Security funds that they manage for themselves. If the Social Security Administration finds that you’ve charged fees or used any of the money for yourself, you can be forced to repay the beneficiary. You can also be fined or even go to jail.
Does a payee get paid?
Are Representative Payees Paid? Individual representative payees cannot collect a fee for services provided to the beneficiary. If you are the legal guardian of the beneficiary, however, you may be able to collect a guardian fee if the court has authorized it.
What rights does a payee have?
Your payee receives your payments for you and must use the money to pay for your current needs. After your payee pays those expenses for you, your payee can use the rest of the money to pay any past-due bills you may have, provide entertainment for you, or save the money for your future use.
Who is the owner of a representative payee account?
(Your name), representative payee for (beneficiary’s name). Your bank will provide help if you have more questions. A common checking account for all family members living in the same household who receive benefits may show a parent or spouse as the owner of the account.
Can I become my own payee?
Can I be my own payee? Yes. To be your own payee, you need to show Social Security that you are physically and mentally able to manage your money.
Do SSI payees get paid?
Beginning January 2019, FFS organizations may collect a fee of up to 10 percent of the total monthly benefits from beneficiaries, up to a maximum of $43 per month. You are the payee of record and the beneficiary receives a Social Security and/or SSI payment, AND. You provided payee services for that month.