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Hi Everyone – As a new DMM and new to AADMM I am trying to understand what role – if any – DMM’s play as a Representative Payee, specifically charging a fee for this service. According to this some DMM’s provide this as a service. But according to this you must be a state of local government agency or a community-based, non-profit social service agency in order to collect a fee. Individuals who serve as payees are not allowed to collect a fee for performing payee services.
Based on this information it would seem that as a DMM we cannot charge a fee for this service, but we could be a representative payee and not charge, like a pro-bono or volunteer service.
Obviously as a DMM I want to abide by the code of ethics and do the right thing. How do YOU handle this as a DMM?
Todd,
I have served as a Rep Payee on a volunteer basis, through Easter Seals. they provided the insurance coverage. When they lost their state grant, I inquired as to continuing the service on my own. It would have doubled my rate, so I elected to discontinue.Thanks Janis, this is good to know!
Hi there,
I was going to post a question about acting as a rep payee, but came across this older post in my research.
In Mass., we have something called the PACE program (Program of All-inclusive Care for the Elderly). It provides a wide array of services to help participants live safely in their own homes.
They asked me to work with some of their clients and create rep payee accounts to manage their Social Security payments to pay for their financial obligations. I am allowed to bill PACE for my time spent with each client. PACE is paid by the State.
Here is my ultimate question: Liability – Who owns the liability to the client and needs to be insured? PACE or me?
When I have a usual contractual relationship to the end client, I know I must be insured appropriately, but because my contractual relationship is with PACE I am unclear.
I was planning to reach out to Dominion as well.
If anyone else has also had an intermediary relationship, I would like to understand how you came to determine your fiduciary responsibility and insured yourself appropriately.
Thanks in advance!Hi Jeremy,
I did some rep payee work through Easter Seals. I was insured through them. When they lost their program grant I found it cost-prohibitive to continue on my own. So I would venture that PACE is liable, but I’m not sure that excludes you if you are doing it for hire through your business and not as a ‘personal’ volunteer like I was.
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