Ask the bank to send you paper statements and keep clear records of expenditures so you are ready to submit your annual account to the SSA. See pages, 8 and 16 of the Guide for more info.
Unearned Income: Unlike earned income, there are no exclusions from unearned income, which will reduce the SSI benefit on a dollar for dollar basis.
You can deliver these reports in person to your local SSA office or via certified mail. Many SSA offices have drop boxes for documents so you don't have to wait. If you want a receipt you'll have to wait though.
Once the application is complete, your local office will send record requests to all of the doctors, healthcare professionals, hospitals, clinics, schools and employers listed in the application. For many applicants, these records may suffice. For others, especially high-functioning individuals, you may want to deliver to the SSA (in person or via certified mail) additional supporting documentation, such as:
There are several ways you can apply for SSI: online, in person and via a phone interview (contact your local SSA office).
Earned Income: Earned income will reduce your adult child's SSI benefit but there are work incentives that apply to reduce the loss to about 40 cents on the dollar.
In-Kind Support & Maintenance (ISM): ISM is a form of unearned income that will reduce the SSI benefit by 1/3. It occurs when a SSI recipient lives in the home of another (your home) and doesn't pay his or her fair share. If you charge your son or daughter rent, he or she should get the full SSI benefit.
Rep Payee Account: Once you receive your letter of appointment you will need to open up an account at the bank of your choice in your name for the benefit of your-adult child. See page 6 of the Guide (link below) for more information.
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Reporting Requirements: As Rep Payee, you have certain reporting requirements. See page 10 of the Guide. It is especially important that your report an earned income your adult-child makes; doing so will avoid having to pay back the SSA after the fact..
Application: You can request to become your adult-child's Representative Payee when the application is submitted or after he or she has been found eligible for SSI. As Representative Payee, SSI checks will be issued in your name for the benefit of your adult-child.
Before you apply, you should gather the following information to make the application process easier: