Social Security $90 deposit: Who qualifies and when?

In a new initiative announced by President Donald Trump, over 20 million Americans enrolled in Medicare Part B have received a one-time $90 payment from the Social Security Administration. This extra deposit, part of the $2 billion Medicare Improvement Fund, started going out on October 8 and most recipients should expect their $90 directly deposited into their bank accounts this week.

However, not everyone enrolled in Medicare is eligible for this payment. Beneficiaries who have their Medicare premiums paid by Medicaid, or those who pay higher premiums due to income, known as an income-related monthly adjustment amount, will not receive the $90. Also, Medicare Advantage enrollees are not eligible. The payments are being distributed to help cover the cost of health insurance premiums.