Medicare: $90 deposits expected around October 8

The White House announced on October 2 a one-time US$90 payment toward Medicare Part B premiums. More than 20 million people are targeted. [1]

An existing funding source

According to USA TODAY, financing comes from the $2 billion Medicare Improvement Fund. Created in 2008, the fund is intended to improve Medicare services. [2]

Limited eligibility

People whose premiums are already paid by Medicaid and those subject to an income-related surcharge are excluded, the White House says. [1]

An announced timetable

The CMS FAQ schedules most deposits on or around October 8 and some checks later in the month. This timetable does not confirm payments received. [3]

Medicare Advantage excluded

CMS specifies that Medicare Advantage enrollees are ineligible. [3]