ORS ?will share the name and address of your representative with your insurance carriers so they may also use that address as the address of record for all mailings. The address listed for your named representative on the ?financial p ower of a ttorney ?becomes the address of record for? all ?mailings.? Be sure when you file that you intend to have this action taken.? The representative will need to keep us updated if their address changes.However, if conservator or guardianship papers are also filed, we could only talk to your representative. If you file a? f inancial p ower of a ttorney, we could talk to either you or your representative. Without this form, regardless of your family relationship, we cannot release any financial or health information. ORS?will be able to discuss your account with your named representative, just as if it were you on the phone.
Be sure when you file the form that you really want the following things to happen: Filing a power of attorney form with ORS sets certain actions into motion.
Your representative is not allowed, for statutory reasons, to change beneficiaries for any reason on any type of account. Your representative can also conduct business related to medical, prescription drug, dental, and vision insurance coverage changes or premium payments. After filing the? f inancial p ower of a ttorney, your representative will be allowed to conduct business with? ORS ?related to pension payments, pension tax withholdings, and tax documents (like the Form 1099-R ).
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