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Allen told The U.S. Sun that, under a waiver, you can acknowledge that the SSA claim is correct, but that you lack the funds to pay the government back. You can start the process via form SSA-632BK .
Social Security Advisors CEO Matthew Allen, as cited in a recent U.S. Sun article, says retirees can protect themselves first and foremost by seeking to get the overpayment waived.
Pay: If you do owe SSA funds for overpayment, you can pay back what you owe in full, or you can set up a payment plan. Plans typically involve withholding all or part of monthly checks from SSA ...
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...
It might be a long time before the Social Security Administration gets out from under the cloud of an overpayment crisis that has plagued the agency for a couple of years now. The SSA has angered...
According to the SSA report, about $1.6 billion of the OASDI overpayments and $287 million of the SSI overpayments are within the agency’s control, meaning they weren’t the beneficiaries’ fault.
What you might not know is that the earnings test could lead to Social Security overpayments you might one day have to pay back. Learn: This Is the Minimum You Need Saved for Retirement in Every State
The majority of recipients who receive Social Security disability benefits and have earnings sufficient to affect their benefits receive an overpayment, according to a report published by the ...