Trump's Medicare Improvement Fund Rebate

You may have noticed today a $90 direct deposit in your bank account from social security.  This is not a mistake.

The payment is part of a one-time Medicare premium rebate announced by President Trump, funded through the Medicare Improvement Fund, which was established by Congress in 2008. The balance of the fund was approximately $2 billion, which President Trump ordered distributed to certain Medicare beneficiaries.¹  Only about 1/3 of Medicare enrollees will receive a payment.  In order to qualify:

1).  You must be on original Medicare (NOT a Medicare Advantage plan)

2).  You must not be paying an income related monthly adjustment amount (IRMAA).  Generally, this means your income in 2024 was under $109,000 if you were single and $218,000 if you were married. (https://www.medicare.gov/basics/forms-publications-mailings/mailings/costs-and-coverage/initial-income-related-monthly-adjustment-amount-notice)

3).  You must live in the US and not receive Medicaid premium assistance.

For questions about eligibility, contact Medicare at 1-800-633-4227. Beginning October 15, payment status inquiries can be directed to Social Security at 1-800-772-1213.²

¹ https://www.medicare.gov/basics/forms-publications-mailings/mailings/other/one-time-premium-rebate-letter

² https://www.cms.gov/newsroom/fact-sheets/medicare-improvement-fund-premium-rebate-frequently-asked-questions