Know About These Changes to Social Security Benefits
The Social Security Administration made some changes to benefits for 2013.
DailyFinance.com reports new rules have been implemented by the Social Security Administration for 2013. Here are highlights of some of those changes. Paper checks will stop March 1 The Treasury department will stop mailing paper checks to Social Security recipients. Beneficiaries will be required to choose to have Social Security payments either directly deposited into a bank or credit union account or loaded onto a prepaid Direct Express Debit MasterCard. Higher payments Social Security beneficiaries began receiving payments that were 1.7 percent larger in January as a result of a cost-of-living adjustment. Added online services as offices are reducing hours Retirees now have the ability to access a benefit verification letter and …
