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Trump says he will send $100 Medicare Part B checks to over 20 million seniors
foxbusiness.com • • general
Key Points:
- President Donald Trump announced that his administration will send nearly $100 checks to over 20 million seniors to help offset Medicare Part B premiums, funded by the Medicare Improvement Fund.
- The payments, totaling roughly $2 billion, will be $90 per person, with most recipients receiving direct deposits in early October, excluding those whose premiums are covered by Medicaid or who pay an income-related adjustment.
- Trump framed the initiative as a way to make Medicare more affordable for seniors and criticized Democrats for previously misusing the Medicare Improvement Fund.
- This Medicare payment program is separate from another Trump administration effort issuing $500 refund checks to Americans allegedly overcharged for ObamaCare.
- Trump emphasized that these payments will not affect his proposed $5,000 "Trump dividend" plan, which he promises to deliver if Republicans win control of Congress in the midterm elections.
