What to do if You Receive a Social Security Overpayment Notice
There’s no need to panic if you receive an overpayment notice from the Social Security Administration (SSA). An article by Yahoo! Finance reveals it’s often a mistake. The problem is so extensive that one source revealed SSA recipients were overpaid by about $9 billion annually. The agency is now trying to “claw back” that money and that’s putting cash-strapped seniors in a dangerous situation.
In light of all the overpayment issues, the SSA has taken steps to make things easier for beneficiaries such as extending repayment plans, removing the burden of proof of fault, and making it easier for people to request a waiver.
If you receive an overpayment notice but acknowledge the SSA claim is correct, you can file a waiver (form SSA-632BK) stating that you lack the funds to pay the government back. If you believe the agency is wrong in its assessment claim, you can request a reconsideration by filing a direct appeal (form SSA-561).
The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.
