One of the first things to do is to make sure the overpayment amount is correct. If the amount is not correct you should immediately have them look at the file again by asking for reconsideration. This is a form that can be requested by mail or may be filled out at your local office.
Social Security: Handling An Overpayment
If the amount of overpayment is correct you can immediately ask for a waiver. This can usually be done if the overpayment was not your fault or you don’t have enough money to pay back the amount requested. The waivers are usually very simple and are approved on an income basis. This is just one of the ways on how to pay back overpayment of Social Security benefits that can easily be used.
How To Pay Back Overpayment Of Social Security Benefits?
One method on how to pay back overpayment of Social Security benefits is to ask for a payment arrangement. This method should only be used if the overpayment is going to be enforced and you don’t have the lump sum owed to pay them back immediately. The payment arrangements can be very low and will be taken from your benefit check every month until paid in full. This last resort method can make life a bit easier when forced to pay the money back.
Social Security: The Overpayment
When anyone receives a notice of overpayment from Social Security regardless of how they choose to handle it they should contact SSA immediately. There are many benefits that can help people that respond quickly to this notice such as waiver, reconsideration, and payment arrangements. As you can see there are many options available on how to pay back overpayment of Social Security benefits.