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Medicare beneficiaries may get $90 payment to offset Part B premium
CNBC • • nation
Key Points:
- The White House announced a one-time $90 payment for more than 20 million Medicare Part B beneficiaries to help offset their premiums, with payments starting immediately according to President Trump.
- Approximately 20.8 million Medicare Part B enrollees are eligible, but those receiving Medicaid premium assistance, paying income-related surcharges, enrolled in Medicare Advantage, or living outside the U.S. are excluded.
- Most eligible beneficiaries will receive direct deposits around October 8, while others will get mailed checks later in the month; the payments come from unutilized funds in the Medicare Improvement Fund.
- The standard Medicare Part B premium for 2026 is $202.90 per month, and it is expected to increase to $209.50 in 2027, which will impact Social Security benefits since premiums are deducted from those payments.
- The Social Security Administration will announce the 2027 cost-of-living adjustment soon, with experts estimating a 3.5% to 3.6% increase, the highest in three years, influenced partly by Medicare premium changes.
