To Ensure You Continue to Get Your Social Security Benefits, Do This ASAP

Federal law now requires Social Security benefits to be paid electronically. According to a Social Security Administration (SSA) blog post, the Department of the Treasury is phasing out paper checks. This is to improve efficiency, reduce costs, and enhance security. The blog notes that “paper checks are 16 times more likely to be lost, stolen, altered, or returned undeliverable than electronic payments.”

If you have not already done so, you should update your account now to ensure you continue to receive your Social Security or Supplemental Security Income quickly and securely.

Start by logging in to your my Social Security account. There you can add your bank account information, which will allow you to receive your payment as a direct deposit. You can also ask your bank or financial institution to send your direct deposit information to Social Security electronically.

The Seniors Trust is committed to improving the financial well-being of older Americans by passing the Social Security Expansion Act. It will give retirees an immediate increase of about $200 a month in benefits, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.