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Maine Center for Elder Law Blog

Tuesday, February 1, 2011

Social Security and Welfare Benefits Going Paperless

In May, the government will no longer pay someone eligible for benefits with a mailed check. Instead, the money will be electronically deposited directly into a bank account or made accessible by a debit card. And by March 2013, the 10 million people who receive checks, out of 70 million people in all, must switch over to direct deposit or use a card.

For the government, the policy is in line with a trend toward paperless banking that will curb theft and save $120 million a year in costs.

But the first of the month won’t be the same anymore.

The change will have social and cultural impact. Some recipients have resisted it because they cannot open an account, or simply because they feel more comfortable with a check in hand.

Full story, http://www.nytimes.com/2011/01/29/business/29checkless.html?_r=2


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The Maine Center for Elder Law is a practice of Perkins Thompson, P.A. The Center assists clients with Medicaid (MaineCare) Planning, Planning for VA Aid and Attendance Eligibility, Special Needs Planning, Estate Planning, and Probate, Estate & Trust Administration matters in York County, Cumberland County and nearby Maine counties.



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