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Cognitive Impairment and Social Security's Representative Payee Program

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  • Anek Belbase
  • Geoffrey T. Sanzenbacher

Abstract

Social Security’s Representative Payee Program allows one individual to receive benefits on behalf of a retiree or disabled person who is incapable of managing them. In the case of retirees with cognitive impairment, the program could help prevent fraud by ensuring that Social Security benefits are immediately turned over to a capable individual. This paper seeks to answer three questions about the Representative Payee Program and its relationship to cognitive impairment. First, what share of individuals with cognitive impairment use a representative payee? Second, if individuals with cognitive impairment are not using a payee, what are they doing instead? Finally, is it possible to identify recipients with cognitive impairment who have no help managing their finances (through a representative payee or otherwise), a situation that makes them especially vulnerable to fraud?

Suggested Citation

  • Anek Belbase & Geoffrey T. Sanzenbacher, 2016. "Cognitive Impairment and Social Security's Representative Payee Program," Working Papers, Center for Retirement Research at Boston College wp2016-12, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2016-12
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    File URL: http://crr.bc.edu/wp-content/uploads/2016/11/wp_2016-12.pdf
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    References listed on IDEAS

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    1. Joanne W. Hsu & Robert Willis, 2013. "Dementia Risk and Financial Decision Making by Older Households: The Impact of Information," Journal of Human Capital, University of Chicago Press, vol. 7(4), pages 340-377.
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    Cited by:

    1. David Weir & Kenneth Langa, 2018. "How Well Can Medicare Records Identify Seniors with Cognitive Impairment Needing Assistance with Financial Management?," Working Papers wp391, University of Michigan, Michigan Retirement Research Center.

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