Do I have to pay back an overpayment to Social Security?
Do I have to pay back an overpayment to Social Security? It depends. In the event that the Social Security Administration determines that they have overpaid benefits to someone, they request that the money be paid back. They send correspondence letting people know that they have been overpaid. The next course of action is for recipients to decide if they agree with that assessment.
When Do I Have To Pay Back An Overpayment To Social Security?
In the event that people do agree that they have been overpaid, they do have to pay the money back. They have several options as to how they would like to repay the money. One option is to have an agreed upon amount of money taken from each Social Security check until the amount has been repaid. If the recipients are no longer receiving benefits, another option is to pay the amount in full or set up a payment plan.
Times When The Amount Can Be Disputed
Do I have to pay back an overpayment to Social Security if I do not agree that I have been overpaid? If a recipient does not agree with the Social Security Administration’s assessment that money is owed, this person can appeal the decision. People can begin an appeal by sending in the form SSA-561. This form can also be used when people believe that the amount owed is incorrect.
When The Social Security Administration Waives Collection Of Overpayment
Do I have to pay back an overpayment to Social Security if it would create a hardship for me to do so? If recipients can demonstrate that having to repay the amount would create a financial hardship, they can file the form SSA-662 to waive collection of this overpayment.