Summary
President Donald Trump announced his administration will send nearly $100 checks to over 20 million senior citizens to help cover their Medicare Part B premiums. Payments will start in early October and come from the Medicare Improvement Fund.Key Facts
- More than 20 million seniors will receive about $90 each.
- The money is to help pay for Medicare Part B premiums, which currently cost $202.90 per month.
- Payments will be made by direct deposit or paper checks.
- The funds come from the Medicare Improvement Fund, created in 2008.
- This payment is part of a larger plan to give money back to Americans before the midterm elections.
- President Trump has also promised other refunds and rebates, like $5,000 for adults if Republicans win the midterms.
- Medicare Part B covers medical services like doctor visits and outpatient care.
- Payments are expected to begin in early October.
