Sometimes we take things for granted and we don’t realise how much it affects once it’s not there. Social Security is something that millions rely on to cover everyday expenses. However, things are changing. The government is officially ending paper checks, in place of this this, beneficiaries will receive payments via Direct Deposit, or a government issued debit card. In addition to this, the Social Security Administration (SSA) is pushing people to manage their benefits online through the My Social Security account.
For some, these updates will make life easier. For others, especially seniors who prefer paper records or in-person service, this change may feel overwhelming.
Paper Checks Are Ending
The method of receiving paper checks is now coming to an end. Going forward, the government will only allow two ways to receive payments:
- Direct deposit
- Direct Express® Debit Mastercard
Supporters of the idea claim that it would lower the likelihood of checks being lost or stolen while saving the government millions of dollars in printing and distribution costs.
Why the Government Is Making This Shift
- Cutting costs
- Improving security. Paper checks can be stolen, lost in the mail, or tampered with.
- Faster access to funds.
My Social Security: Your Online Hub
The SSA is also encouraging everyone to set up a My Social Security online account.
This free, secure portal allows you to:
- Review your earnings history
- See an estimate of your future retirement benefits
- Check your current benefits
- Request a replacement Social Security card
- Update personal details, like your address or bank account information
Prior, many of these services would require in person visits to the Social Security office. Now, it can be accessed from home.
How These Changes Affect You
The primary difference, if you now get benefits, will be your method of payment. You’ll need to use a prepaid debit card or direct deposit if you still use paper checks. Your payments may be delayed if you ignore the adjustment. If you are yet to receive benefits, this reminds you to be prepared.
Steps You Can Take Now
To stay ahead of these changes, here are a few simple steps:
- Set Up Direct Deposit
If you have a bank account, this is the safest and fastest way to get your money.
- Open a My Social Security Account
Set up your online Social Security account to avoid delays in future.
- Learn the Online Tools
Practice using the site to view benefit estimates or request a replacement card.
- Ask for Help if Needed
Ask a trusted family member or financial consultant for assistance.
The Bigger Picture
Just as everything else if improving and modernizing, the SSA also wants to improve Social Security. By making changes, they aim to improve services, enhance security and provide beneficiaries with more control over their accounts.
However, the challenges are that not every retiree has internet access, and not everyone is comfortable relying on technology. For these individuals, the transition may be frustrating and confusing.
Final Word
Even though these changes may be difficult to adapt to at first, it serves to be more reliable, faster and safer in the long term. The online Social Security account is meant to make things more convenient for beneficiaries.
How do you stay on top? The most important thing is to be prepared. Be sure to follow verified updates and make decisions if you need to. Familiarize yourself with the online tools to make things easier for yourself. The goal is to protect Social Security and sustain it for many years to come.