It was last year when the Social Security Administration (SSA) began paying Social Security Disability Insurance (SSDI) via electronic payment to new recipients since the US Treasury Department phased out paper checks.Meanwhile, for the old recipients, they still have until before March 1, 2013 to switch to electronic payment through an account of their choice.
Effective March 1, 2013, all social security disability insurance beneficiaries will receive their benefits via electronic means. Therefore, beneficiaries should carefully plan prior to the said date.
Beneficiaries who are still currently receiving social security disability insurance via pay checks may opt to have their benefits paid to them either through direct deposit into a traditional bank, and other financial institutions they prefer.
To switch their accounts, beneficiaries must visit their bank or other financial institutions.
This concept aims to slash huge amounts off the agency’s spending over the next decade. The agency is expecting to save up to $1 million for the next decade once the government refrains from issuing paper checks.
As the Social Security Act recommend, the government must provide monthly benefits to claimants who can no longer work due to their old age or severe disability. However, getting a positive result for Social Security Disability Insurance can be a long process. Therefore, expect that switching to an electronic account may probably take some time, too, that’s why it’s best to start its processing as soon as possible.
In case a problem occurs while you are switching for the electronic payment, don’t feel hesitant, since there are people who can answer all queries and guide you with any of your concerns regarding disability benefits.
