Social Security $90 checks: You might get an extra direct deposit from the SSA tomorrow. What to know
The government is sending a one-time $90 payment to more than 20 million Social Security recipients to help with their Medicare Part B coverage premiums, President Donald Trump announced in a statement . Medicare is a federal health insurance program for people 65-years-old or older, and for younger people with long-term disabilities or end-stage renal disease, according to the Congressional…
The U.S. government is set to send a one-time $90 payment to over 20 million Social Security recipients, with the aim of supporting their Medicare Part B coverage premiums. President Donald Trump announced this move in a statement. Medicare is a federal health insurance program primarily for individuals aged 65 and above, as well as those with long-term disabilities or end-stage renal disease, according to the Congressional Budget Office (CBO).
Out of the nearly 70 million people enrolled in Medicare, approximately 63 million are currently enrolled in Part B, which covers non-emergency general and preventative care. However, only about one-third of those enrolled in Part B are eligible for the "premium rebate." Individuals whose premiums are already covered by Medicaid or those who pay an Income-Related Monthly Adjustment Amount are not eligible for the rebate, as stated by the White House.
The payments are expected to begin arriving tomorrow, Thursday, October 8, either through direct deposit or as a check in the mail from the Social Security Administration (SSA). It is important to note that the $90 payment is not a genuine rebate, but rather comes from the Medicare Improvement Fund, a flexible spending account established in 2008 by Congress for Medicare's use.
This payment follows a series of "rebate" payments made by the Trump Administration ahead of the midterm elections on November 3. These include $500 "refund" checks sent to nearly 1 million Obamacare enrollees who were reportedly overcharged by the Affordable Care Act (ACA) in 30 states. Moreover, the Trump administration has pledged to send every American adult $5,000, but this authority ultimately lies with Congress.
For those seeking information on their eligibility for the Medicare premium rebate, seniors can contact the Social Security Administration at 1-800-772-1213 or call 1-800-MEDICARE (1-800-633-4227) for assistance.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.