President Donald Trump dropped a late-night bombshell Friday for America’s seniors, announcing that his administration will immediately begin sending “checks” of nearly $100 to more than 20 million Medicare beneficiaries to help cover their Part B premiums.
The payments are expected to begin arriving within days.
Trump also separated this payment from another round of refunds already in motion. As The Gateway Pundit reported last month, the administration is sending $500 “Working Families Obamacare Refund” checks to nearly one million Americans in 30 states who were overcharged on Affordable Care Act plans, overcharges the Biden team studied and then kept. Those checks were also scheduled to start going out in October.
Trump closed the post by reminding voters of the larger promise still on the table: the $5,000 “Trump Dividend” for U.S. citizens if Republicans hold Congress in the November midterms.
According to a White House fact sheet released the same night, the one-time payments are $90 per person and will go to more than 20 million Part B enrollees. Most eligible seniors will see a direct deposit in early October. Those without direct deposit will get a paper check mailed to the address on file with Medicare, also in early October.
The money is coming out of the Medicare Improvement Fund, created in 2008 and stocked with $2 billion by Congress for fee-for-service improvements. No administration had ever used it.
The White House says Trump is the first president to tap the fund to put cash directly back in seniors’ pockets instead of leaving it for special interests.
