Representative Payee Partnerships

  • Assess & Improve Current Representative Payee Program
  • Subcontract Accounting Functions to Your Best Life, Inc
  • Your Best Life, Inc appointed as Representative Payee

Assess & Improve Current Representative Payee Program

  • Policy, Process, Procedure assessment and update for the following Representative Payee services

    • Prepaid Debit Cards
    • Assistance with Able Accounts (including Limited Power of Attorney
    • Monthly Budget Setting and Review
    • Long Term Financial Goal Planning and Review
    • Financial Asset Tracking
  • Member Documents created

    • Representative Payee & PPD Debit Card Agreements
    • Monthly Budget & Goal Planning
  • Provider Staff training developed
  • Fee for Service Representative Payee

    • Application and supporting documentation prepared
    • Community Based Guidance revieW
  • MCO Credentialing/Contract in WI
  • Detailed delivery plan developed in first 4 weeks, will require some understanding of current practices
  • Hourly consulting fee

Subcontract Accounting Functions to Your Best Life, Inc

  • Provider retains Representative Payee appointment
  • Your Best Life, Inc manages client/resident fund accounts and provides accounting services.

    • Bill payment
    • Prepaid Debit Card management
    • Fund account reconciliation
  • Fee per member per month
  • Subcontracts for Accounting Functions

    • Some organizations serving as payee enter into contracts with third parties to manage client/resident fund accounts and to provide accounting services.
    • We allow this but you cannot outsource your payee responsibilities. Please note that we will neither pay beneficiary funds into an account owned by a third party contractor nor allow you to transfer funds into such an account.
    • As the payee, youare responsible for exercising oversight over any contractor or volunteer who helps you with payee services. You are responsible for the proper titling of accounts and investments, directing the use of funds to meet the needs of the beneficiary, and submitting the required annual accounting reports to us.
    • You, not the contractor, must sign the annual report forms.
    • If you use our online reporting service, to account for the beneficiary’s funds you, not the contractor, must submit the form online.

Your Best Life appointed as a Rep Payee

  • Your Best Life, Inc provides the following services

    • Representative Payee Services
      • Prepaid Debit Cards
      • Assistance with Able Accounts (including Limited Power of Attorney
      • Monthly Budget Setting and Review
      • Long Term Financial Goal Planning and Review
      • Financial Asset Tracking
    • Work Incentive and Benefits Advisement
      • Certified Work Incentive Practitioner for pre and post employment assistance.
  • Your Best Life will be a Fee for Service Representative Payee; Member/MCO pays monthly fee