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Private Rep Payee Program
What happens with the consumer's
funds when Fiscal Assistance acts as Rep Payee?
- Social Security monthly benefits are directly deposited
into an account for FA's rep payee clients.
- Monthly bills are mailed directly to Fiscal Assistance.
FA sends payments for rep payee bills out weekly.
The consumer has peace of mind, knowing that the bills
are paid on time.
- A regular spending allowance is sent out based on
the consumer's needs and budget.
- A statement is sent out at the end of each month
to the client, showing the amount of the monthly benefit
received, which bills were paid, how much was paid,
and what the current account balance is.
- FA completes all reports required by the Social
Security Administration to account for how the funds
were spent.
Advantages of having Fiscal Assistance
as Representative Payee
- FA has an established line of communication with
the local Social Security office.
- FA can represent consumers in meetings with utility
companies to ensure that they receive all the aid
for which they qualify.
- FA tracks account balances for SSI beneficiaries
to ensure that the balance does not exceed the $2,000
limit. FA recommends acceptable personal needs expenses
to maintain the consumer's balance below $2,000.
- FA provides written contracts, outlining the terms
of the Representative Payee relationship and the monthly
cost of our services. (Clients are billed a nominal
monthly amount, as determined by the Social Security
Admin.)
- FA is audited annually by an independent CPA firm
to ensure compliance with generally accepted accounting
procedures.
- FA maintains a $1 million fidelity bond for client
protection.
- FA may be able to assist with tax returns, depending
on circumstances.
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