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Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
Simpler appeal process: If a Social Security recipient believes the overpayment was not their fault and they’re unable to repay it, they may appeal the overpayment decision and/or the amount and ...
“I went to my mailbox and a letter from Social Security and I opened it and it was a demand letter for $121,000, payable in 30 days. For the explanation was for overpayment,” she said.
Social Security overpayments occur when a beneficiary receives more money than they are owed, according to the SSA. The overpayment owed is the difference between the amount received and the ...
As previously reported by GOBankingRates, the SSA’s latest Agency Financial Report revealed that the agency made about $11.1 billion worth of new overpayments to Social Security beneficiaries ...
In an Oct. 4 news release, the agency noted that it pays $1.4 trillion in benefits to more than 71 million people each year, but only 0.5% of Social Security payments are overpayments. About 8% of ...
Due to the size and complexity of the Social Security system, recipients sometimes receive the wrong benefit amount. Unfortunately, this can lead to a hefty surprise bill. On Oct. 4, the Social...