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As representative payee for a disabled child under age 18 who is eligible for large past-due Supplemental Security Income (SSI) payments (usually any payment covering more than six months of the current benefit rate) you are required to open a separate account at a financial institution, which is referred to as a “dedicated account”. The past-due payments will be deposited directly into that dedicated account. These funds can only be used for expenses directly related to the child’s disability. About Dedicated AccountsThe requirements of a dedicated account are:
Dedicated account funds can be used for the following expenses:
The Social Security Administration will allow the following expenses, if they benefit the child and are related to the child’s disability:
Dedicated accounts may not be used for basic monthly maintenance costs such as food, clothing, or shelter. The regular monthly benefit received for the child should be used for all monthly maintenance costs. Monitoring Dedicated AccountsThe Social Security Administration requires you as representative payee to complete a yearly report on the use of the dedicated account funds as well as the regular monthly benefits received on the child’s behalf. It is important to keep receipts, bank statements, and maintain an expense record for at least two years as verification of expenditures. You, as representative payee should be able to provide us with an explanation of any expenditure and how it relates to the child’s disability. NOTE: If you no longer serve as payee for a child with a dedicated account, you must complete a final accounting of the funds and return the balance of the account to the Social Security Administration. The amount returned will be transferred to a new dedicated account opened by the new payee.
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