Lump sum back payment

Submitted by Anonymous (not verified) on Mon, 09/26/2011 - 13:04

I received two lump sum payments, but I have not spent all of the funds. I want to make a funeral arrangement and buy a car. How soon must I spend the lump sum payment.

Bee (not verified)
Fri, 03/30/2018 - 21:33 Permalink

My daughter was approved. I got a deposit for 2162 today 3/30/18. I apply in February 2018 but my daughter final medical condition was put on record November 2017. Should I expect another payment for April? Are back pay and monthly payment in one payment. I haven't received a award letter yet? Just curious

Eric

In reply to by Bee (not verified)

Mon, 04/02/2018 - 15:54 Permalink

Hi Bee,

I would recommend calling the SSA at 1-800-772-1213 or speaking with a rep at your local SSA office regarding that.

herminio (not verified)
Tue, 04/03/2018 - 16:11 Permalink

what can i do if i want to buy a car with my back payment of ssi

Eric

In reply to by herminio (not verified)

Tue, 04/03/2018 - 16:43 Permalink

Hi There,

Always double check with the SSA first. It should be okay, but just check in just to be safe. When you do buy the car, make sure you keep all records of the payment.

Anonymous (not verified)
Wed, 04/04/2018 - 11:45 Permalink

How can I find out when my SSI lump sum will come to me?

Jennifer E Gordon (not verified)
Tue, 07/03/2018 - 17:44 Permalink

When will I receive my lump sum payment ? Approved May 21st 2018.

rsg

In reply to by Jennifer E Gordon (not verified)

Thu, 07/05/2018 - 16:18 Permalink

Hi Jennifer,

You should expect backpay about four months after you start to receive your benefits.

Elizabeth (not verified)
Thu, 07/26/2018 - 19:32 Permalink

Here is what SSI says regarding the Lump Sum that was given to my son:

Dedicated Accounts for SSI Back Payments

If your child has recently been approved for SSI and is due a large back payment of benefits,
then you will be required to open a dedicated bank account for the funds and the use of those
funds will be subject to very specific restrictions.

The dedicated account must be a separate checking, savings, or money market account from
the one that is used for standard monthly SSI benefits.

The funds in the account must be maintained separately from all other funds, including
monthly benefit deposits from SSI.

The back payment funds cannot be used to purchase stocks, bonds, CDs, or any other form
of secured or unsecured investment.

The account must be registered showing your child as the owner of the funds and any and all
interest that may be accrued on the account.

Funds from your child’s dedicated account can be spent only on the following:

Medical treatment and related expenses
Educational expenses, including job and skills training costs
Special equipment, skilled nursing assistance, home modification costs, and rehab or therapy
expenses

His father put the funds in his own bank account, not a dedicated account for our son. The lump sum that was given to my son is now gone, his father spent it. None of it was used for any of the uses that are allowed, as stated above. What can I do for my son regarding this money?

Martha Vanessa White (not verified)
Mon, 07/30/2018 - 16:02 Permalink

What is my balance back pay SSI installments

rsg

In reply to by Martha Vanessa White (not verified)

Mon, 07/30/2018 - 16:48 Permalink

Hi Martha,

We are not affiliated with the SSA, so we do not know. To find out you will need to call the SSA at 1-800-772-1213.

Silvia Mcheown (not verified)
Tue, 08/14/2018 - 21:22 Permalink

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Elizabeth Bowens (not verified)
Mon, 10/01/2018 - 07:28 Permalink

When will I get my next lump sum

Racheal Uballe (not verified)
Fri, 10/19/2018 - 09:23 Permalink

I can not work due to head trauma and I rely on my benefits. I didn’t get for October. I have no good or money who can I talk to receive payments. I barely make enough to live comfortable who can help me?

leonard (not verified)
Fri, 11/02/2018 - 13:24 Permalink

did you send me a confirmation email? if so send it again it went in trash and i accidently deleted it

rsg

In reply to by leonard (not verified)

Fri, 11/02/2018 - 14:11 Permalink

Hi Leonard,

We are not affiliated with the SSA or Federal Government. You may want to call the SSA about your email. Their number is 1-800-772-1213.

Gordon L Stough (not verified)
Fri, 11/16/2018 - 13:39 Permalink

If i want to buy a car, and want to use my back pay money, how do I do that?

Eric

In reply to by Gordon L Stough (not verified)

Fri, 11/16/2018 - 15:21 Permalink

Hi Gordon,

Make sure to keep all physical records of that transaction, so the SSA knows exactly that you spent that money on a car. You should always double check with the SSA first as well, it's always best to double check just to be safe.

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