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Beneficiaries can report these changes using their online “my Social Security” account, by calling toll free at 1-800-772-1213 or by visiting their local social security office.
A woman in Florida got hit with a demand letter for $121,000, payable in 30 days. If you have received a notice of overpayment, here are four steps you can take to protect your money: Ask for a ...
In 2023, the Social Security Administration collected $4.9 billion in overpayments, and is going after another $23 billion from beneficiaries, according to KFF Health News. An investigation by KFF ...
It also estimated that $4.6 billion, or 8%, of the $57.6 billion it paid in Supplemental Security Income to low-income senior citizens and people with disabilities that year were overpayments. The ...
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...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith. In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money. The scammer then attempts to convince the victim to return the difference between the ...
The Social Security Administration has taken a lot of heat for its handling of overpayments to Social Security beneficiaries, and now the agency wants to make things easier on seniors. Among other...
If you’ve ever gotten a paycheck, you probably noticed that some of it went toward Social Security taxes. Currently, 6.2% of your pay is deducted for Social Security taxes on yearly earnings up ...