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On April 9, 2015, Posted by , In Caregivers, By ,, , With Comments Off on Companion Care Services in Macomb County, MI

 Going Paperless Means Safer Benefits for Social Security Recipients

As of last Sunday, May 1, if you are a new applicant for Social Security, you won’t be able to receive paper checks from the U.S. Treasury.

In an effort to trim the excess fat off of the federal budget, the U.S. Department of the Treasury has decided to do away with paper Social Security checks. Instead, new applicants can choose between either a direct deposit into a bank account of their choice or onto a debit card created specifically for the purpose of holding Social Security payments.

If a person is already on Social Security and is receiving their payments by paper check, they have until March 1, 2013 to switch to one of the electronic deposit options.

According to cnn.com, The Department of the Treasury has estimated that this initiative will save the government approximately one billion dollars over the next ten years through the elimination of the majority of the 120 million dollar annual outlay connected with the use of paper checks.

The benefits of going paperless extend beyond savings to the U.S. government. Electronic payment options are safer and more reliable than paper checks for those receiving Social Security. Fewer lost and stolen checks and the benefit of immediate access to their money on payday are the primary advantages to Social Security beneficiaries.

Accompanying the switch is the “Go Direct” campaign, developed by the Treasury to educate Social Security recipients about the new paperless system. The campaign and its companion website do a thorough job of explaining both the logics and the logistics of the switch from paper checks to electronic deposits.
Source: agingcare.com

Contact Pure Home Care Services at (586) 293-2457 today! If you live in Macomb County or the surrounding area, we can help you care for your loved ones.

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