Paperless Benefits: SSA to Switch to Electronic Deposit

On Monday we discussed the ongoing shift away from yearly Social Security statement mailings to an online system, excepting persons 60 years and older. This decision was mostly a cost-cutting measure, but it also added the convenience of allowing taxpayers to access information about their Social Security status, amounts paid and other relevant Social Security Administration (SSA) information regarding retirement and disability benefits.

Statements are not the only SSA mailing soon to become a thing of the past. As we reported last year, the SSA is on its way to eliminating paper checks in favor of a direct deposit system. At this point, only about six percent of benefits recipients still receive paper checks each month, and those numbers should continue to decline. In addition to reducing cost, this new method, called the “Go Direct” program, could make receiving benefits easier and less stressful for many people to access and use their benefits.

In addition to reducing the stress of depositing checks or worrying about lost or misplaced checks, electronic deposits will also help deter fraud. An automatic system will reduce the prevalence of stolen checks, and will make it easier to access electronic records of all payments and the dates they were received.

This new practice will hopefully make receiving Social Security benefits as easy as possible. People who are unable to work because of a disability rely on these benefits. If you have questions about applying for or receiving benefits, contact a Tulsa Social Security disability benefits attorney for more information. You can also reach us by phone at (918) 587-0050. We offer free consultations, so feel free to ask questions. We are here to make the process as simple and efficient as possible.

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