Work in payee in LOG

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How to work in payee in LOG

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[Applause] hi iamp;#39;m hillary iamp;#39;m kiwana and we work here at arkell the resource center for accessible living right here in ulster county new york and today kiwana is going to talk to us about representative ke i know we get a lot of calls about representative payees thatamp;#39;s hoping you could share with us what what does that mean what is it so the representative payee is the organization um who received the social security payments um for people who receive either ssi or ssd and have been deemed to say that they need someone to help them and support them collect their payments and manage their finances okay so if iamp;#39;m someone whoamp;#39;s receiving ssi supplemental security income or ssdi social security disability insurance and social security administration has decided that i need some help managing that check and i donamp;#39;t have someone else in my life like a parent a friend or a guardian to do that for me i can call arkell and you guys could be my re

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What are the duties and responsibilities of a payee?

A payee has no legal authority to manage non-Social Security income or medical matters. A representative payee, however, may need to help a beneficiary get medical services or treatment. Family members often use a power of attorney as another way to handle a family members finances.

What is the job of a payee?

A representative payee is also responsible for reporting any changes that could affect eligibility for payments and keeping records of all payments received and expenses. Every year, the representative payee will be required to complete a form to account for how the benefits have been spent.

Can a payee take 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 theres money left, your payee should save it for you.

How it works How does a payee work?

A representative payee is tasked with a major responsibility: managing Social Security or SSI payments for someone who cant do it themselves, typically a child or a legally incompetent adult. A payee receives the benefits and spends the money in ways that directly serve the beneficiary. Representative Payee: What It Is, How It Works - Investopedia investopedia.com terms representative-p investopedia.com terms representative-p

Salary How much does a payee get paid?

A representative payee is an individual or organization who receives and manages Social Security or Supplemental Security Income (SSI) payments for someone who is unable to manage their own benefits.

What can a representative payee not do?

Representative Payee Duties You must act only in the beneficiarys best interest, which means the beneficiarys money belongs only to them. You cannot pay yourself for managing their money, and you cannot borrow it or lend it to anyone else; those would be conflicts of interest, which you must avoid.

How can a payee get in trouble?

If a payee misuses benefits, he or she must repay the misused funds. A payee who is convicted of misusing funds may be fined and imprisoned. NOTE: A payee is appointed to manage Social Security funds only.

What authority does a payee have?

We appoint a payee to receive the Social Security or SSI benefits for anyone who cant manage or direct the management of his or her benefits. A payees main duties are to use the benefits to pay for the current and future needs of the beneficiary, and properly save any benefits not needed to meet current needs.

What can a payee do and not do?

As of Jul 31, 2024, the average hourly pay for a Representative Payee in the United States is $24.47 an hour.

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