Form SSA-634. Request for Change in Overpayment Recovery Rate
Form SSA-634, the Request for Change in Overpayment Recovery Rate, serves as a request for individuals to adjust the rate at which the Social Security Administration (SSA) recovers overpaid benefits. The main purpose is to provide a way for individuals to request changes in the rate of recovery of overpaid benefits to better suit their financial circumstances.
For example, if a person is repaying an overpayment but their financial situation changes, making the current rate of recovery burdensome, they can use this form to request a lower repayment rate. The benefits include ensuring that individuals can manage their overpayment recovery without causing undue financial hardship.
The parties involved are individuals who owe overpaid benefits and the SSA. The form typically includes sections for explaining the reasons for the change in recovery rate, providing updated financial information, and requesting the desired change. It's important to provide accurate financial details to support the request.