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Beneficiaries can report these changes using their online “my Social Security” account, by calling toll free at 1-800-772-1213 or by visiting their local social security office.
In fact, the Social Security Administration’s (SSA) Office of the Inspector General estimated that it made $72 billion in improper payments between 2015 and 2022 — most of which were due to ...
In 2023, the Social Security Administration collected $4.9 billion in overpayments, and is going after another $23 billion from beneficiaries, according to KFF Health News. An investigation by KFF ...
After 2035, Social Security would only be able to pay 83% of scheduled benefits without the money from the trust fund. Congress could act before then to shore up finances with various moves.
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...
As of March 25, the SSA will collect the greater of $10 or 10% of the beneficiary’s total monthly Social Security benefit to recover an overpayment. That’s way down from 100% previously.
As of November 2023, the Social Security Administration had distributed more than $23 billion in overpayments, and the agency has been busy contacting recipients to pay it back. The situation ...
The Social Security Administration recovered more than $4.9 billion in overpayments in fiscal year 2023 but still ended the year with a total balance of $23 billion in uncollected payments ...