Mail your payment to Medicare. You can pay your bill by mail using a check, credit card, debit card or money order. You might want to ask your bank how long it needs.Ĥ. Online payments generally process in five business days, but your bank may take longer if it mails a check. The payee name is CMS Medicare Insurance and the payee address is Medicare Premium Collection Center, P.O. Your bank will need your 11-character Medicare number, the number on your Medicare card but without the dashes. Pay directly from your checking or savings account through your bank’s online bill payment service if available. Your bank statement will show a payment to CMS Medicare Premiums.ģ. Once your account is established, you’ll receive a monthly statement letting you know the amount Easy Pay will deduct from your bank account. You’ll need to pay your premiums another way until then. Keep in mind that your automatic deductions may take six to eight weeks to start. You also can enroll by mailing a paper form. To sign up for Medicare Easy Pay, log into your online Medicare account, select My premiums | Sign up to complete a short online form. Deductions are made on the 20th of the month or the next business day. Sign up for Medicare Easy Pay. With this free service, Medicare automatically deducts the premium payments from your savings or checking account each month. Credit card payments are generally processed faster.Ģ. Expect your bank to take about five business days to process a transfer from your checking or savings account. Keep the confirmation number you’ll receive as a record that you’ve paid. Treasury’s secure Pay.gov site to complete your payment. Log into your online Medicare account and pay by credit card, debit card or electronic funds transfer from your checking or savings account.Īfter you log in, select My premiums from the drop-down menu under your name, then Pay Now and choose your payment method and the amount you want to pay. If you aren’t receiving Social Security benefits yet, you’ll receive a quarterly bill from Medicare for your Part B premium. If you receive Social Security benefits or Railroad Retirement Board (RRB) benefits - a program that began in the 1930s for the nation’s railroad workers and is still in effect - your Medicare Part B premium is automatically deducted from those benefits, and you won’t receive a bill. How do I pay premiums for Medicare Part B? Medicare will bill you for any Part A premium you owe, and you have the option of paying electronically or by mail. If you or your spouse paid Medicare taxes for fewer than 30 quarters, you’ll pay $499 a month for Part A ($506 in 2023). In 2022, if you or your spouse paid Medicare taxes for 30 to 39 quarters, you’ll pay $274 a month for Part A ($278 in 2023). If neither you nor your spouse worked that long, you can count on a premium payment every month. In Medicare speak, that’s 40 quarters on the calendar, and they don’t have to be continuous. You typically won’t pay a premium for Medicare Part A if you or your spouse had Medicare taxes deducted from your pay for 10 years of work. How do I pay premiums for Medicare Part A? If you have coverage from a private Medicare Advantage plan instead of original Medicare, you may have extra premiums, too. Private Part D prescription drug plans and Medicare supplement plans, also known as Medigap, have separate premiums. You’ll also have to pay premiums if you decide to buy extra policies from private insurers to help cover Medicare’s out-of-pocket costs. Typically, most people don’t pay premiums for Medicare Part A but do for Part B, which is $170.10 a month in 2022 ($164.90 in 2023). En español | You can pay your Medicare premiums several ways, depending on which Medicare part you’re paying and if you’re receiving Social Security benefits.
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