Policy Impact Analysis - 117/HR/6358

Bill Overview

Title: Senior Guardianship Social Security Protection Act of 2022

Description: This bill requires the Social Security Administration (SSA) to establish agreements with each state to share certain information on a monthly basis about the guardianship arrangements of individuals who are entitled to Social Security benefits or Supplemental Security Income (a federal assistance program that provides monthly cash payments to aged, blind, or disabled individuals with limited income and resources). The SSA must also periodically report to Congress about Social Security payments that are diverted to nonfamilial representative payees (i.e., individuals appointed by the SSA to manage payments on behalf of recipients).

Sponsors: Rep. Crist, Charlie [D-FL-13]

Target Audience

Population: Individuals with guardianship arrangements entitled to Social Security or SSI

Estimated Size: 5000000

Reasoning

Simulated Interviews

Retired (Florida)

Age: 82 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • I'm worried about how my Social Security is managed by my guardian. Having better oversight might give me some peace of mind.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 7 5
Year 20 6 5

Disabled Veteran (California)

Age: 65 | Gender: male

Wellbeing Before Policy: 4

Duration of Impact: 10.0 years

Commonness: 6/20

Statement of Opinion:

  • It’s hard to know if my rep payee is handling my funds correctly. I think this policy will help prevent misuse.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 4
Year 2 6 4
Year 3 7 4
Year 5 7 5
Year 10 8 5
Year 20 7 4

Retired School Teacher (New York)

Age: 73 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • I trust my daughter, but this policy gives a little more security knowing there’s oversight.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 6 6

Unemployed (Illinois)

Age: 45 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 3/20

Statement of Opinion:

  • I think it’s reasonable to check how payments are handled, though I don’t think my family would misuse it.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Part-Time Worker (Texas)

Age: 54 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 8.0 years

Commonness: 4/20

Statement of Opinion:

  • I'm glad to see something will keep nonprofits in check. I’ve heard stories about mishandling.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 6 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Retired Factory Worker (Pennsylvania)

Age: 68 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • I worry my grandson isn’t managing my money properly. This might help ensure he doesn’t take advantage.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 8 5
Year 5 8 5
Year 10 8 5
Year 20 7 5

Retired Mechanic (Ohio)

Age: 75 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 7/20

Statement of Opinion:

  • I don't think this will affect us much, since my wife manages our finances, but it’s good to protect people.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

Retired Librarian (Michigan)

Age: 70 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 10.0 years

Commonness: 6/20

Statement of Opinion:

  • I'm hoping this measure will prevent further mismanagement like what I experienced.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 4
Year 2 6 4
Year 3 7 5
Year 5 8 5
Year 10 8 5
Year 20 7 4

Retired Nurse (North Carolina)

Age: 60 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • Since my guardian isn't family, I'm relieved there will be more accountability.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Retired Farmer (Georgia)

Age: 85 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 4/20

Statement of Opinion:

  • My daughter-in-law handles all my finances well, but it's good to know there's oversight to prevent abuse.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

Cost Estimates

Year 1: $50000000 (Low: $40000000, High: $60000000)

Year 2: $52000000 (Low: $42000000, High: $62000000)

Year 3: $54000000 (Low: $44000000, High: $64000000)

Year 5: $56000000 (Low: $46000000, High: $68000000)

Year 10: $65000000 (Low: $55000000, High: $75000000)

Year 100: $130000000 (Low: $110000000, High: $140000000)

Key Considerations