The Social Security Administration has sent many overpayment letters to those beneficiaries who received too much money. In this case, those in retirement who received the letter will have to give that money back.
Undoubtedly, this has caused a lot of concern among those retirees who have gotten an overpayment notice in the United States. The thing is most seniors on Social Security benefits live on a shoestring budget.
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Therefore, they do not have enough money to get rid of this debt. Not having enough cash to pay off this overpayment can definitely cause a lot of anxiety among retirees.
Why did retirees ignore the fact that they were collecting more money from Social Security?
Apparently, they did not know they were collecting more money than usual because they received no notice to inform them about it. Then, it was not possible for them to know about that mistake.
Some members of Congress have sent a letter to the Acting Commissioner of the Social Security Administration. For example, Marc Molinaro from the Republican party.
Mar Molinaro claimed that he had heard about many cases among his electors who were asked to give a lot of money back. Ten of thousands of dollars in overpayments sent by the Social Security Administration.
Something that he believes is unfair because they did not know they were collecting more money than they were entitled to and they did nothing wrong. They did not even commit a crime.
Who will have to give money back to the Social Security Administration?
All those Social Security beneficiaries who received more money than what they were entitled to will have to pay it back. The Administration offers different ways to give it back.
It was a mistake that the Administration made, but still, recipients will have to send that overpayment money to the SSA. While some did not notice the change, others have already spent the money.
The Administration allows recipients to pay overpayment using their bank’s online bill pay option. In this way, you do not need to move from home if you have enough money to pay that debt.
#DYK you can use your bank or financial institution’s online bill pay option to repay your overpayment debt electronically? It’s easy, quick, and safe. Learn more: https://t.co/chMyiMZFX2 pic.twitter.com/bPk3oOuowN
— Social Security (@SocialSecurity) August 12, 2023
They claim that it is safe to do it online as well as safe. Usually, the Social Security Administration will give you up to 30 days to send the money to them. So, count thirty days after you receive the overpayment notice.
The Administration may wait five extra mailing days, they they will start collection. Do not forget that submitting a request for waiver or even reconsideration is also possible.