Latest News
About Social Security Overpayment Recovery - FOX Business News
Amid a lot of media attention claiming that Social Security is trying to “claw back” $21 billion in benefits mistakenly overpaid, the SSA reports that $21 billion number is incorrect and the actual amount is much smaller. Nevertheless, the agency did recover about $4.7 billion in overpayments last year alone. Regardless of the numbers, overpayments (and, more unfortunately, underpayments) are an inexorable part of Social Security’s operations, and the recent media attention has yielded positive results.
As described in this FOX Business News article by Nora Colomer, the Social Security Administration has announced that some changes to facilitate recovery of overpayments have already been deployed and even more are planned. Click here to read how the SSA is streamlining the overpayment recovery process.