rillr
About Guidelines Privacy Terms Log in Join Rillr
← Business
www.fastcompany.com · Oct 7

Social Security $90 checks: You might get an extra direct deposit from the SSA tomorrow. What to know

The government is sending a one-time $90 payment to more than 20 million Social Security recipients to help with their Medicare Part B coverage premiums, President Donald Trump announced in a statement. Medicare is a federal health insurance program for people 65-years-old or older, and for younger people with long-term disabilities or end-stage renal disease, according to the Congressional Budget Office (CBO). Of the over 70 million people enrolled in Medicare, 63 million Americans are currently enrolled in Part B, which covers non-emergency general and preventative care. Of those enrolled in Part B, only about one-third qualify for the “premium rebate.” Those whose premiums are already paid by Medicaid, or who pay an Income-Related Monthly Adjustment Amount, are not eligible for the rebate, according to the White House. For those who are eligible, payments start arriving tomorrow, Thursday, October 8, either by direct deposit or via a check in the mail from the Social Security Administration (SSA). As some critics have pointed out, the money is not a true rebate, and comes out of the Medicare Improvement Fund, established in 2008 by Congress, to be used as flexible spending for …

Visit article ↗ ▲ 0 💬 0
Discussion

0 comments

No comments yet. Start the discussion.