The law permits a qualified organization to collect
from an individual a monthly fee for expenses incurred in providing services
performed as such individual's representative payee. For 2007 the
fee is limited to the lesser of (1) 10 percent of the monthly benefit
involved, or (2) $34 per month
($66 per month in any case in which the individual is
entitled to disability benefits and the Commissioner has determined that
payment to the representative payee would serve the interest of the
individual because the individual has an alcoholism or drug addiction
condition and is incapable of managing such benefits). The dollar fee
limits are subject to increase by the automatic
cost-of-living adjustment, with
the resulting amounts rounded to the nearest whole dollar amount.
Fee limits for 2008
The current $34 amount increases by
2.3 percent to
$35 for 2008,
and the current $66 amount increases to
$68 for 2008.
|