MONEY MANAGEMENT PROGRAM
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+ IS THERE A FEE TO HAVE AMISTAD SERVE AS REPRESENTATIVE PAYEE FOR AN INDIVIDUAL?
Yes. The Social Security Administration has authorized Project Amistad to withhold $43.00 from the individual’s monthly benefits for providing payee services. This fee can increase as approved by Social Security and other financial entities.
+ IS THIS SERVICE AVAILABLE ONLY FOR PERSONS RECEIVING SOCIAL SECURITY?
No. Amistad provides representative payee services to individuals who receive VA benefits, retirement, pensions.
+ WHO QUALIFIES FOR MONEY MANAGEMENT SERVICES?
Persons 18 and over with a disability and elderly age 62 and older who need assistance to properly manage their finances and personal assets.
+ ONCE A BANK ACCOUNT IS ESTABLISHED BY PROJECT AMISTAD, CAN THE PERSON WITHDRAW MONEY FROM THE ACCOUNT?
No. The bank account is established in the name of the person and Project Amistad as the Representative Payee. The assigned Money Management Case Manager completes together with the individual an expense/budget report and reviews the report with the individual so he/she is aware of their finances. The bank account is managed by the Money Management Case Manager only.
+ IF THERE IS MONEY LEFT OVER AT THE END OF THE MONTH, WHAT HAPPENS TO IT?
The funds are kept safe in the client’s bank account. These funds can be used to purchase items that the individual requests and are within the individual’s budget.
+ HOW DOES SOMEONE ENROLL FOR MONEY MANAGEMENT SERVICES?
A Medical Statement and Referral form must be completed and submitted to the Money Management Case Manager. The case manager will then set up an appointment and meet with the individual to discuss the services. The individual must agree to the terms of the services and reside within the City of El Paso.