Recent Changes and Challenges Facing Social Security Benefits
TL;DR Summary
The SSA has increased the recovery rate for overpaid Social Security benefits from 10% to 50%, which may result in smaller checks for beneficiaries in August, especially for those who received notices and have overpayments. Beneficiaries can appeal or request a waiver to avoid or reduce the impact, and the policy change does not affect SSI benefits, which continue to be recovered at 10%.
Topics:business#beneficiary-notices#benefits#finance#overpayment-recovery#policy-change#social-security
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