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What power does a payee have?

As a representative payee, you only have the power to handle the Social Security benefit for your friend or loved one (the beneficiary) and not any other money or property for that person unless some other document or government agency appoints you to do so.

What does it mean to be a payee for Social Security?

We appoint a payee to receive the Social Security or SSI benefits for anyone who can't manage or direct the management of his or her benefits. . A payee's 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.

Can I apply for representative payee online?

Organizational representative payees are able to complete their Representative Payee Report online by using Business Services Online.

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Can I request a payee for Social Security?

If there's someone you would like to have as your payee, you can tell a Social Security representative and we will consider your request. Before you even need a payee, you can provide us up to three names of persons you trust to potentially serve as your payee should the need arise. We call this advance designation.

What are the rules for a payee for Social Security?

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.

What is an SSA 623 form?

It is called Representative Payee Report of Benefits and Dedicated Account, SSA-6233-BK. You should keep these records (e.g. bank statements and canceled checks) along with receipts for two years from the time you complete the form.

How much does a rep payee cost?

For 2021 the fee is limited to the lesser of (1) 10 percent of the monthly benefit involved, or (2) $45 per month ($84 per month in any case in which the individual is entitled to disability benefits and the Commissioner has determined that payment to the representative payee would serve the interest of the individual ...

How much do payees charge?

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.

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