Federal Benefit Paper Checks Switching To Electronic Direct Deposit by March 1, 2013

Residents receiving federal benefit checks by paper check are being asked to make the switch to electronic payment by March 1, 2013.  All Social Security check recipients received an insert with their August payment that featured customer service representatives from U.S. Treasury’s Electronic Payment Solution Center offering assistance to beneficiaries.

The Treasury Department is phasing out paper check payments and requiring federal benefit recipients to receive payments electronically. Residents can choose to get their payments by direct deposit to a bank or credit union account or to a Direct Express® Debit MasterCard® card account.

Information and help for those who need to switch to electronic direct deposits can be found here.

In addition, the American Health Care Association and the National Center for Assisted Living has scheduled a webinar at 2:00 PM for September 18th regarding Federal direct deposits.  

Learning Objectives for the AHCA webinar:

  1. Understand new rules requiring federal benefit payments to be made electronically by 3/1/13.
  2. Learn how the rules will affect NF's current benefit deposit procedures.
  3. Identify the role of financial institutions.
  4. Discuss various NF scenarios and understand the actions necessary for compliance.
  5. Know how NF's can help convert residents funds to direct deposit.

More information can be found here.

Note: This webinar event will be recorded and can be accessed via the AHCA/NCAL webinar archive if you are not able to attend the live event.  There is no charge for the webinar and CEUs are not available.