Starting next March, all government benefit payments will be disbursed electronically. The transition has already been in the works for months. Electronic disbursement will replace individually mailed checks, saving on paper costs.
Beneficiaries will have the option to have their funds deposited directly into their bank accounts or onto debit cards they will receive.
While 90% of beneficiaries already receive their benefits electronically, many of the remaining 10% are elderly or disabled people who may have trouble adjusting to the new technologies. There is concern that many of them will lose track of their finances if they don’t receive physical checks. By next March, all beneficiaries will have to switch to electronic statements unless they receive a special waiver.
If you need Social Security benefits, the Indiana Social Security disability lawyers of the Hankey Law Office, can help you. Contact our experienced attorneys at (800) 520-3633 to learn more.
The high unemployment rate and the poor economy are factors contributing to the increase in Social Security Disability benefits claims being filed across the United States. Disabled workers are finding that the job market is much slimmer for them due to their disabilities.
Individuals who have lost their jobs may turn to disability benefits to help them during this difficult time. The number of people who have filed for these benefits in 2011 compared to 2008 rose by almost 1 million people. It is common to see this increase during a recession as recent patterns have suggested.
The amount paid to individuals whose claims were approved averages out to $1,070 per month. The amount a person receives is directly related to the amount of money they contributed through the Social Security payroll tax.
If you need assistance filing a Social Security Disability claim, please contact the Indianapolis social security attorneys of the Hankey Law Office by calling 317-634-8565 today.