New Streamlined Waiver Process for Certain Overpayment Debts
Social Security has announced a new “streamlined” overpayment debt waiver process for overpayment debts that Social Security was not able to timely process because of the COVID-19 pandemic. An overpayment occurs when an individual receives more money for a month than the amount the individual should have been paid. The amount of the overpayment is the difference between the amount the individual received and the amount due. The new streamlined waiver applies in the following circumstances:
1) An overpayment debt was accrued between March 1 and September 30, 2020 because Social Security did not process an action due to the COVID-19 pandemic; and
2) Social Security identifies the debt by December 31, 2020