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Current issues in Social Security: financial capability and representative payees
Current issues in Social Security: financial capability and representative payees
- Collection:
- Health Policy and Services Research
- Series Title(s):
- Insight on the issues (AARP Public Policy Institute)
- Author(s):
- Palmieri, James, author
- Contributor(s):
- AARP (Organization), issuing body.
Public Policy Institute (AARP (Organization)), issuing body. - Publication:
- Washington, DC : AARP Public Policy Institute, February 2018
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Mental Competency
Proxy
Social Security -- economics
United States - Genre(s):
- Technical Report
- Abstract:
- In 2016, the Social Security Administration (SSA) paid nearly $900 billion to 60.5 million Old-Age, Survivors, and Disability Insurance (OASDI--that is, Social Security) beneficiaries. SSA paid out another $57 billion to 8.3 million beneficiaries of Supplemental Security Income (SSI), a federal program that provides cash assistance to meet the basic needs of people with little or no income who are ages 65 and older, are blind, or have a disability. Generally, adult beneficiaries are capable of managing or directing the management of their benefits; some, however, need help due to mental or physical impairments. To help ensure benefits are used as intended, Congress amended the Social Security Act in 1939 to allow SSA to appoint "representative payees." Representative payees manage benefits for those needing assistance, and they are required to spend benefits to meet a beneficiary's day-to-day needs for food, clothing, shelter, and medical care. Recent concerns about how the program operates, as well as predicted increases in the use of representative payees over the coming decades, indicate the need to reassess the current system. This Insight on the Issues provides a thorough background on the representative payee program, discusses current system challenges, explains future demographic shifts that will impact the program, and highlights ideas for reform.
- Copyright:
- Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. (More information)
- Extent:
- 1 online resource (1 PDF file (7 pages))
- Illustrations:
- Illustrations
- NLM Unique ID:
- 101743436 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/101743436