Key Takeaways: Reasons for changing a Representative Payee include the death or incapacity of the current Representative Payee, disagreement with the current Representative Payee, or a change in personal circumstances, such as achieving self-sufficiency. To change your Representative Payee, gather all necessary documents and information, complete and submit form SSA-11, and wait for confirmation from…
Key Takeaway: Economic factors such as inflation, unemployment, and poverty contribute to the challenges facing social security. These factors impact the financial stability of the program and its ability to provide benefits to those in need. Demographic shifts, including changing birth rates, life expectancy, increasing diversity, and migration also have an impact on social security…
Key Takeaway: The time after a Social Security disability hearing can vary based on several factors including the backlog of cases at the hearing office, the complexity of the case, and the volume of appeals. It is important to be patient during this process. The average time to receive a decision after a Social Security…
Key Takeaway: DHS authorization on a Social Security card means that the cardholder is authorized to work in the United States, but only for a limited time. If the authorization has expired or is no longer needed, it can be removed from the Social Security card. To remove DHS authorization from a Social Security card,…
Key Takeaway: To be eligible for social security disability benefits, you must meet the definition of disability and have sufficient work credits. When applying for social security disability, it is important to gather all necessary documentation and choose to apply online, in person, or by phone. The decision process for social security disability can be…
Key Takeaway: Social Security Surplus refers to the amount of revenue collected by the Social Security Administration that exceeds the amount paid out to beneficiaries. The surplus is held in a trust fund to provide for future beneficiaries and is a crucial part of the Social Security system. The Social Security Surplus is impacted by…
Key Takeaway: CDR in Social Security stands for Continuing Disability Review, which is an evaluation process used to determine if a recipient of Social Security Disability benefits is still eligible for assistance. The purpose of CDRs in Social Security is to ensure that individuals who are receiving disability benefits continue to meet the eligibility requirements,…
Key Takeaway: There are several banks that do not require a social security number to open an account. These include Bank of America, Wells Fargo, Citibank, Capital One, Ally Bank, Discover Bank, Chase Bank, PNC Bank, TD Bank, and US Bank. If you prefer an alternative to traditional banks that don’t require a social security…
Key Takeaway: The Grid Rules are used by Social Security to determine the severity of an individual’s impairments, their age, education, and work experience to determine their eligibility for disability benefits. The severity of impairments is determined based on medical evidence and other factors such as how they affect an individual’s ability to perform work-related…
Key Takeaway: Casinos ask for social security numbers for legal compliance: The collection of social security numbers is required by state and federal regulations for anti-money laundering and tax reporting purposes. Social security numbers are collected for security purposes: Casinos use social security numbers to verify the age and identity of players and detect fraudulent…
Key Takeaway: Social Security benefits may be suspended due to non-compliance with eligibility criteria, working and earning limitations, criminal conviction and incarceration, failure to report changes in circumstances, inaccurate or incomplete information, and medical recovery and improvement. If your Social Security benefits are suspended, you have the right to appeal the decision. This can be…
Key Takeaway: Understanding the importance of protecting your Social Security Number is essential. Your SSN can be used to commit identity theft and financial fraud, which can have long-lasting consequences on your personal and financial life. There are free alert services available that can help you monitor and protect your SSN. These alert services can…