Social Security $90 extra deposit: When will payments arrive, who qualifies and why some Medicare beneficiaries will miss out

This week, Americans received a little extra money in their bank accounts. Millions of citizens in the United States enrolled in Medicare have received a one-time $90 payment from the federal government as part of a new initiative announced by President Donald Trump. The payments reportedly started going out on October 8. More than 20 million Americans enrolled in Medicare may have noticed an extra $90 from the Social Security Administration in their bank accounts this month.

But, there's a catch. Not everyone enrolled in Medicare Part B is eligible to receive Social Security $90 extra deposit. People whose Medicare premiums are already paid by Medicaid won't receive the $90 payment. The same rule applies for beneficiaries who pay higher premiums because of their income, known as an income-related monthly adjustment amount.

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When will Social Security $90 extra deposit arrive?

The payments of $90 started rolling out from October 8. Most enrollees should expect a $90 direct deposit this week. Some recipients will receive paper checks later this month. If you're eligible and receive your benefits through direct deposit, your money may already be in your bank account.

If you don't have direct deposit set up, your payment will arrive as a paper check later in October.

The check will come from the U.S. Department of the Treasury and will be labeled "Medicare Improvement Fund Payment; $90 Payment to Offset October Premium," according to CMS.

If you're wondering about the status of your payment, you can contact the Social Security Administration at 1-800-772-1213. CMS says beneficiaries can begin checking their payment status Oct. 15.

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Do you qualify for the Social Security amount?

• The Centers for Medicare and Medicaid Services said 20.8 million Americans qualify for the rebates.
• Beneficiaries must live in the United States and not receive any premium assistance from Medicaid.
• Enrollees can't be high-income earners who pay more on top of the standard premium.
• Medicare Advantage enrollees are not eligible.

On October 2, the White House announced that more than 20 million Medicare Part B beneficiaries across all 50 states would receive the payments to help cover the cost of their health insurance premiums. The Trump administration is using money from the Medicare Improvement Fund, a $2 billion fund Congress created in 2008 to help improve Medicare services.

The Trump administration is pursuing several initiatives aimed at putting money back into Americans’ pockets as rising costs and financial pressures continue to affect households across the country.

- One such initiative involves $500 rebate checks for Americans who the administration says were overcharged for Obamacare coverage.

- According to the White House, one-time payments were sent to around 1 million Affordable Care Act enrollees.

- The checks began going out on September 30. However, Trump has also promised $5,000 checks for Americans if Republicans retain control of both chambers of Congress in the midterm elections. The proposed payments could provide financial relief to households struggling with rising living costs and mounting bills.