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How to Sign Up for Medicare Easy Pay, and Other Ways to Pay Your Medicare Premiums

Christian Worstell by Christian Worstell    |    Published Nov 26, 2019    |    Reviewed by John Krahnert

There are multiple different Medicare premiums you may have to pay, and several ways you can pay them.

In this guide, we’ll examine some of the ways you can pay your Medicare premiums, including how to sign up for Medicare Easy Pay

A man uses his laptop computer at home to pay bills

How to Pay Your Medicare Premiums

If you collect Social Security benefits and enrolled in Medicare Part B, your Part B premium will be automatically deducted from your monthly Social Security check. There is typically nothing you need to do to make your payment. 

If you are enrolled in a Medicare Advantage (Medicare Part C) plan, a Medicare Prescription Drug Plan (Medicare Part D) or Medicare Supplement Insurance (Medigap) plan, contact your plan carrier to learn about how to pay your Medicare plan premiums. 

If you are looking to compare Part D plans available where you live and enroll in a Medicare prescription drug plan online, visit MyRxPlans.com.

What Is Medicare Easy Pay?

Medicare Easy Pay is a free electronic service that automatically deducts your Medicare premium from your bank account every month.

  • Medicare Easy Pay helps ensure beneficiaries pay their premiums on time each month, because there is no action needed to make the payment. 

  • Anyone who receives a bill from Medicare is eligible to sign up for Medicare Easy Pay. Once you apply for Medicare Easy Pay, it could take up to 6-8 weeks for the Centers for Medicare & Medicaid Services (CMS) to process your application.

  • Once you’re enrolled, you’ll receive a notice in the mail each month confirming that a deduction has been made from your account. The deductions typically come out of your checking or savings account on the 20th of every month. 

Note: If you receive your Medicare bill from the Railroad Retirement Board (RRB) and not from Medicare, you are not eligible for Medicare Easy Pay. You or your bank must make your premium payments by mail by sending a payment to:

RRB, Medicare Premium Payments

P.O. Box 979024

St. Louis, MO 63197-9000

Can You Pay Medicare Online?

If you don’t wish to set up automatic bank withdrawals through Medicare Easy Pay, you may still be able pay your Medicare premiums online through your bank account.

To pay your Medicare bill online, use your bank’s online bill payment service. Each bank is different, so visit your bank’s website for instructions.

You may also be able to call your bank or stop by in person for help setting up an online bill pay.

Can You Pay Medicare With a Check or Money Order?

You may write a check for your Medicare premium and mail it in along with the payment coupon attached to your bill. Be sure to follow the instructions on your Medicare bill. 

Send your Medicare premium payment to:

Medicare Premium Collection Center

P.O. Box 790355

St. Louis, MO 63179-0355

You may also pay your Medicare premium using a money order. Again, be sure to include the payment coupon attached to your bill and follow the instructions on your Medicare bill using the address above.

Pay Your Medicare Bill With a Credit or Debit Card

To pay your Medicare premium using a credit or debit card, you can fill out the bottom portion of your Medicare bill, sign it and mail it to the address above along with the payment coupon.

You will need to include your credit or debit card information as it appears on your card.

Have Your Medicare Premiums Deducted From Your Annuity

If you are a federal retiree with an annuity from the Office of Personnel Management (OPM) and you are not eligible for Social Security or Railroad Retirement Board benefits, you may have your Part B premium deducted from your annuity.

You will have to call 1-800-MEDICARE to issue a request to do so. 

How to Get Help Paying For Your Medicare Premiums

If you have limited income and financial resources, you may qualify for a Medicare Savings Program or Medicare Extra Help.

If you qualify for help paying for your Medicare premiums, your state may help pay your Medicare premiums on your behalf. 

What Is the Medicare Premium Bill?

The Medicare Premium Bill is the bill that is sent to Medicare beneficiaries who pay Medicare directly for:

  • Medicare Part A (most beneficiaries are not required to pay a Part A premium)

  • Medicare Part B (Part B is optional, and it requires a monthly premium)

  • A Medicare Part D Income-Related Monthly Adjusted Amount, or IRMAA

The Medicare Premium Bill is mailed to beneficiaries who do not collect Social Security, Railroad Retirement Board or Civil Service benefits.

The Medicare Premium Bill is mailed on or around the 10th of every month and covers the following month’s coverage. If you are billed quarterly, the bill covers the upcoming three months.

If you missed a previous payment, the bill may also include the additional amount in your balance owed. The bill must be received by the 25th of the month in order to avoid a late payment. 

Medicare Premium Late Payments

If your Medicare payment is not received by the 25th of the month, you will receive a “Second Bill” in the mail. The Second Bill will include the missed payment, along with the next month’s payment.

If that bill is not paid by the 25th of the month, you will receive a Delinquent Bill.

If the Delinquent Bill is not paid by the due date on the bill, you may lose your Medicare coverage. 

Learn How to Save on Medicare

Premiums are just one of the out-of-pocket Medicare expenses you may face.

Medicare Supplement Insurance plans can’t cover your Medicare premiums, but they can help make your Medicare spending more predictable by covering some of your other out-of-pocket costs such as Medicare deductibles and copayments or coinsurance.

Speak with a licensed insurance agent to learn more about Medigap plans in your area, and find a plan that can help you save on out-of-pocket Medicare costs.

 

Find Medigap plans in your area.

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Christian Worstell is a health care and policy writer for MedicareSupplement.com. He has written hundreds of articles helping people better understand their Medicare coverage options.

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