Here in New York, we've all heard of the financial struggles that face the Social Security Administration. While we hope lawmakers will find a way to continue to support the program that is so important to so many people, some in New York may be feeling nervous about all of the bad news. However, the SSA has taken some steps recently to decrease its costs.
In the past we've posted about Social Security's move to online payments for retirement, disability benefits and other benefits instead of check payments. Now, the administration has expanded its online operations to hopefully make things easier for its recipients.
Social Security beneficiaries now have a number of ways of understanding their benefits through the "My Social Security" account that can be found on the SSA's website. It offers a wealth of information about an individual's benefits including earnings records and payment history. Users can also obtain a letter to verify benefits through their online account.
While the SSA hopes the new features will make managing Social Security benefits easier for recipients, it also hopes that it will help the administration cut costs. If beneficiaries utilize the online amenities, Social Security employees will have to spend less time processing requests.
While we still don't know what Social Security will look like in the future, for now, beneficiaries of Social Security disability may find it helpful to explore the options the SSA offers online. You may find it makes managing your benefits much easier.
Source: Mansfield News Journal, "Social Security is boosting its online options," Todd Hill, Jan. 10, 2013