Soon, the government hopes to end the transitioning away from issuing paper checks to all people with disabilities who receive Supplemental Security Income (SSI) as well as other Social Security Administration (SSA) programs.
March 1st is the date for the Social Security Administration to start sending all beneficiary payments electronically through direct deposit or on a debit card.
While the deadline is steadily moving towards us, nearly 5 million Americans-including 1.2 million Supplemental Security Income (SSI) beneficiaries-have yet to make the transition from paper to electronic, according to the U.S. Department of Treasury as reported in Disability Scoop.
Payments are not supposed to stop for those who don’t make the switch to the new payment method, but they will be hearing from SSA.
The move from paper to plastic has been in the works for almost two years, since May 2011, to be exact. Federal beneficiaries have been given a choice between direct deposit or debit card payments.
The good news? According to the Treasury Department, the switch away from paper checks will save the government a billion dollars over ten years.
SSI beneficiaries go online or by call 800-333-1795. Don’t wait too long, though, for if you do, you will be “hearing from us [the Treasury Department’s Financial Management Service]in a more personal way,” says Brad Benson as reported in Disability Scoop.