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News Article Published Oct 02, 2026 at 11:52 PM EDT President Donald Trump announced late Friday night that his administration will be sending out $100 checks immediately to over 20 million seniors to help them pay for Medicare Part B premiums. He said the funding will come from the Medicare Improvement Fund, which he labeled a "pointless 'Slush Fund'" used by the Democrats. Trump has previously floated the idea of Americans getting dividend checks, recently during the RNC Midterm Convention .
He suggested that people would benefit if Republicans secured the majority during the midterm elections because of possible economic prosperity. The midterms are commonly viewed as a test of the political environment facing the party in power, and the president's party has historically lost seats during them. The president also said that Americans living in a community with a data center could receive a "dividend," adding that residents will benefit "greatly" from the centers, while speaking with reporters this week.
What To Know In his post Friday night, Trump added in part, "I pledged to protect and preserve Medicare and Social Security, which were on the verge of RUIN by Joe Biden, who foolishly and maliciously let tens of millions of Illegal Aliens into our Country, and we are doing just that for America’s Seniors. This is separate from the equally substantial Refund 'Checks' we are sending to One Million Americans who were overcharged for their Unaffordable Care Act plans by Joe Biden." Trump said that since he is delivering on this check, Americans should believe that the $5,000 "Trump Dividend" would come if the GOP wins the midterms. How and when the dividend and newly announced checks to seniors would be delivered remained unclear to Newsweek at the time of publication.
This is a developing story that will be updated with additional information. ... Newsweek’s reporters and editors used Martyn, our AI assistant, to produce this story. Learn more about Martyn here .
Contact Newsweek editors on this story: Edward T. Cummins
Source: Newsweek
