News From Terre Haute, Indiana

Seniors

October 19, 2009

What to do if Social Security pays you too much

What should you do if Social Security pays you too much? That may seem like a strange idea at first, as most people worry about not having enough money. If you receive monthly Social Security or Supplemental Security Income benefits, an overpayment can occur for many reasons, including work or another benefit that requires a reduction in your Social Security or SSI payment.

If Social Security does pay you too much, you will receive an overpayment notice in the mail. If you have a representative payee who helps you manage your money, a copy of the letter will go to your payee.

The notice will explain why you were overpaid, your repayment options, and your appeal and waiver rights. You should read the notice carefully.

If you agree with the overpayment decision, you have options for repaying it. We can withhold your overpayment from your monthly benefit payments or withhold a portion of your payment until the money is paid back.

If you no longer receive benefits, you can send a check to Social Security for the entire amount or set up a plan to pay back the amount in monthly installments.

If you are not receiving benefits, and you do not pay the amount back, we can recover the overpayment from your federal income tax refund, from your wages if you are working, or from future SSI or Social Security benefits. If you do not make an effort to repay the amount due, we may report the delinquency to credit bureaus.

If you believe that the overpayment decision is wrong and you should not have to repay it, you have the right to appeal the decision or request a waiver of recovery. If you believe you were not overpaid or the amount of the overpayment is wrong, you can file an appeal within 60 days of receiving the overpayment notice.

Text Only | Photo Reprints
Seniors
Latest News
TribStar.com Poll
AP Video
Florida Panther Rebound Upsets Ranchers Ravens' Ray Rice: 'I Made a Huge Mistake' Small Plane Crash in San Diego Parking Lot Netanyahu Vows to Destroy Hamas Tunnels House Leaders Trade Blame for Inaction Dangerous Bacteria Kills One in Florida Cantor Warns of Instability, Terror in Farewell Smartphone Powered Paper Plane Debuts at Airshow Raw: Thousands Flocking to German Crop Circle Fighting Blocks Access to Ukraine Crash Site Obama Slams Republicans Over Lawsuit Texas Scientists Study Ebola Virus Workers Dig for Survivors After India Landslide Busy Franco's Not Afraid of Overexposure Visitors Feel Part of the Pack at Wolf Preserve 3 People Killed, Deputies Wounded in NC Shootout LeBron James Sends Apology Treat to Neighbors Raw: Otters Enjoy Water Slides at Japan Zoo Southern Accent Reduction Class Cancelled in TN Raw: Deadly Taiwan Gas Leak Explosion
NDN Video
Famous Internet Cats Help Big Cause With Viral Video Raw: Obama Gets Hug From Special Olympian Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity