Managing SSI and SSDI can be overwhelming. Great news! There are individuals who can assist in this endeavor. Two options are daily money managers you can hire and representatives appointed by SSA to help manage your money.
A daily money manager will assist with managing day to day financial tasks, They offer services to ensure nothing falls through the cracks including necessities like paying monthly bills, assisting with tax records, balancing checkbooks, decoding medical bills, and negotiating with creditors.
A representative payee does not receive payment for their services. The payee receives your Social Security or SSI benefits and uses the money to pay for your needs, including:
• Housing and utilities;
• Food;
• Medical and dental expenses;
•Personal care items;
• Clothing; and
•Rehabilitation expenses (if you’re disabled).
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. Planning for future needs and establishing savings are also the responsibility of a payee.
For more information on representative payees: https://www.ssa.gov/pubs/EN-05-10097.pdf
Find a money manager here: https://secure.aadmm.com/find-a-dmm/
