Paying For Medicare
How does a Medicare beneficiary pay for Medicare? If they get Social Security or Railroad Retirement benefits, their Medicare Part B (Medical Insurance) premium will get deducted from their benefit payment.
If they are a Civil Service retiree and NOT entitled to Social Security then their premiums will be deducted from their Civil Service annuity payments.
Will they get a bill for their Part A or Part B premiums?
If they sign up for Part B and they don't get Social Security, Railroad Retirement, or Civil Service benefits, they will get a bill called a “Medicare Premium Bill”.
If they buy Medicare Part A (Hospital Insurance) or they owe a Part D income-related monthly adjustment amount , they will always get a “Medicare Premium Bill” each month for their premium.
There are 4 ways to they can pay a Medicare Premium bill:
1. Pay directly from their bank account through their bank's online bill payment service.
2. Sign up for Medicare Easy Pay, a free service that automatically deducts their premium payments from their savings or checking account each month.
3. Pay by check or money order.
4. Pay by credit card or debit card
If their premium is late, they will get a Second Bill reminding them to pay their premium. If they don’t pay the premium by the due date for the Second Bill, they will get a Delinquent Bill.
If they get a Delinquent Bill and they don’t pay their premium by the 25th of the month, they will lose their Medicare coverage.
