As the government shutdown still continues, one thing remains certain, Social Security payments are still being sent out therefore beneficiaries can take a breath of relief. The Social Security Administration (SSA) has assured beneficiaries that their benefit payments will still be sent out regardless of the shutdown.
Millions of Americans rely on Social Security as their financial backbone as this money helps cover essential bills such as food, utilities and medical care.
Why the Shutdown Doesn’t Affect Your Checks
It’s important to remember that Social Security is funded through separate trust fund and not through the Congressional budget, therefore payments will still go out as normal.
Every month, employees in the workforce pay taxes towards Social Security and this goes into a trust fund that is used to fund the program.
It’s still important to remember that not everything in the SSA is operating as normal. Certain field offices are operating on reduced staff therefore services such as replacing Social Security cards or even processing new claims, may take longer.
What Retirees Should Do
So yes, payments are being sent out as normal, but Social Security beneficiaries must be sure to check their direct deposit information.
The SSA recently issued a notice stating that Social Security paper checks will no longer be sent and payments will now be sent electronically. Therefore, beneficiaries who have opened new bank accounts or changed banks must make sure that all their information is correct.
Here’s how to check:
- It is recommended that retirees access their Social Security online account to check their personal data and view their benefits.
- Beneficiaries must be sure to review their bank statements.
- Make sure you update your personal information if something has changed.
The best way forward is to check these now in order to avoid any issues later on.
Some Services May Be Delayed
Yes, payments are still going out but other services may be delayed and this may result in:
- Social Security beneficiaries may experience longer wait times when calling a field office.
- There may be delays in processing applications.
- Because of the reduced number of staff, hours of operation in field offices may also be reduced.
If beneficiaries require any assistance during this period, it’s important to try and use the SSA website first before calling or visiting a field office.
Why This Matters
Millions of Americans depend on Social Security to cover their basic costs since they live on fixed incomes. For families that truly need it, it is crucial that Social Security be sustained
Stay Alert and Informed
Even though Social Security benefits are still being paid out normally, recipients need to be on the lookout for frauds that are resurfacing. These fraudsters can take advantage of the shutdown to trick and frighten victims into transferring money or providing personal information. You will never get threats from the SSA requesting payment of any type.
If you receive any suspicious letter or email, always verify with the SSA before making any decisions.
The Bottom Line
Yes, it is rather unfortunate that many services have been paused, but Social Security beneficiaries can be relieved that their benefit payments will still come as normal. Since many live on fixed incomes, it can be daunting not knowing whether you are receiving benefits or not.
Beneficiaries must be sure to follow the SSA for verified information regarding the shutdown and make informed decisions that will ensure financial stability. Rest assured that their benefits are still being sent out but it is important to keep updated.