Social Security OVERPAYMENTs
 

Jus listening to the report on local news.

They interviewed four individuals.
Individually, their overpayments totaled $11,000, $16,000, $27,000, $121,000.

Seems like "you" would know "you" are receiving too much money.

You know when you're entitled to an increase.
(probably pull out a calculator and figure the amount before the next payment)
You would scream if you were shorted.

Time to pay it back.

Per the SS website:

WHAT CAN CAUSE AN OVERPAYMENT?

Your income is more than you estimated.

Your living situation changes.

Your marital status changes.

You have more resources than the allowable limit.

You are no longer disabled and continue to receive benefits.

You do not report a change to us (on time or at all) as required.

We incorrectly figure your benefits because of incorrect or incomplete information.

WHAT WILL WE DO IF THERE IS AN OVERPAYMENT?

We will send you a notice explaining the overpayment and asking for a full refund within 30 days. If you are currently getting payments and you do not make a full refund, the notice will:

propose to withhold the overpayment at the rate of the lesser of 10 percent or the entire monthly payment;

state the month the proposed withholding will start;

fully explain your appeal rights;

explain how you can ask us to review and waive the overpayment, so you may not have to pay it back; and

explain how you can appeal our decision.

Wait, you can keep it? where do i sign up for free money?