Supplemental Security Income benefits provide much-needed financial support for individuals with limited income and resources. However, there are situations when SSI benefits might pay out more income than you should receive.
These overpayments can lead to financial hardship and the risk of losing benefits if you use the extra income and are then unable to pay it back. Understanding common causes of overpayments and how to avoid them can help you protect your benefits.
Failing to report income changes
One of the most common causes of SSI overpayments is failing to report income changes. SSI recipients in Florida must promptly inform the Social Security Administration of any changes in their earned or unearned income. This includes wages, bonuses or support from friends or family. Even small increases in income can affect SSI eligibility. You must notify the SSA within ten days of any income change to avoid potential overpayments.
Changes in living arrangements
Living arrangement changes can also impact SSI benefits. You must report if you move or if your household composition changes. The SSA uses this information to determine how much financial support a recipient needs. Failure to notify the SSA of these changes may result in an overpayment.
Marital status updates
Florida SSI recipients must notify the SSA of any marriage, divorce or separation. The SSA considers a spouse’s income and resources when determining SSI payments. If a spouse contributes to your household income, your SSI payments will likely decrease.
Receiving too much in resources
SSI benefits have strict resource limits. A recipient cannot have more than $2,000 in resources ($3,000 for a couple). Resources include bank accounts, vehicles and property. If a recipient’s assets exceed this limit, they must notify the SSA. Not doing so can cause troublesome overpayments.
If you receive an overpayment from SSI, you must repay the excess amount. Ignoring the overpayment can lead to the suspension of your benefits. Be sure to review your benefit statements carefully to ensure you receive the correct amount.