President Donald Trump announced on Oct. 2 that his administration would issue one-time $90 payments to more than 20 million seniors enrolled in Medicare.
Trump said the payments were meant to help seniors cover Medicare premiums and would come from the Medicare Improvement Fund, which Congress has allocated $2 billion to improve Medicare’s fee-for-service program but has never been used, according to a White House fact sheet.
“We are finally using this Fund, along with my Most Favored Nations Deals, to substantially lower costs for our Seniors,” the president wrote in a Truth Social post.
Eligible Medicare recipients will receive the payment in early October by direct deposit or by check sent to the mailing address they registered with Medicare, the White House said. …