How to Sign Up for Madicare Easy Pay
You're probably wondering how to pay your premiums. Most people do not have to pay a premium for Part A. If you're not collecting Social Security, then you'll have to pay your Part B premium yourself.
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For those who get Social Security, automatic deduction occurs. If you receive Railroad Retirement Benefits or Civil Service benefits, your premium is an automatic deduction. They may require you to pay a bill.
If you're entitled to Civil Service benefits but not Social Security benefits, you can choose to have your premium deducted from your Civil Service Annuity. You can also sign up for Medicare Easy Pay, which we'll explain below.
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How to Sign Up for Medicare Easy Pay
Sign up for Medicare Easy Pay. The setup is easy.
Mail a completed Authorization Agreement for Pre-authorized Payments form [PDF, 117 KB] (SF-5510) to:
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Medicare Premium Collection Center
P.O. Box 790355
St. Louis, MO 63179-0355
This free service will automatically deduct your premium payments from your checking or savings account each month.
Anyone who received a bill from Medicare for their premiums is eligible for Medicare Easy Pay.
They usually deduct the premium from the bank on the 20th of the month.
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How to Pay Medicare Directly From Your Bank Account
Pay the bill directly from your bank account through your bank's online bill payment service. To set this up, call your bank or go to their website.
How to Pay Medicare By Check
You can also pay by check or money order by mailing your Medicare payment coupon and payment to Medicare.
How to Pay Medicare By Debit or Credit Card
Pay by debit or credit card by completing the bottom portion of the payment coupon on your Medicare bill, and sign it. You'll need to provide the account information as it appears on your debit or credit card and the expiration date.
If your credit card has only the month and year for the expiration date, leave the day field blank. Mail your payments to the address above.
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Can You Pay Medicare Online with a Credit Card?
Yes, you can pay online through your Medicare account. You even have the option to pay with a debit or credit card. Also, you have the option to pay from a checking or savings account.
What Type of Bills Will Medicare Send?
On the "Bill" statement, if the box in the upper right corner says, "This is not a bill," then your premium amount will be automatically deducted from your bank account each month. You don't need to do anything.
If the box says, "First Bill," then this is your very first bill, or you have paid your last bill in full. You need to send in a payment for the total amount shown by the 25th. (Medicare premiums are due by the 25th of the month)
If the billing date on the first bill is February 27th, send in payment by March 25th. If the box says, "Second Bill," Medicare didn't get dues by the date shown on the first bill. You need to send in money for the total amount shown.
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If the box says "Delinquent Bill," Medicare didn't get the payment by the due date shown on the second bill. You need to send in a check, so you don't lose your Medicare coverage.
If you have questions about your bill or the status of your coverage, you can call Social Security.
Your Bill from the Railroad Retirement Board
If you are getting billed from the RRB, the payment options explained on this page do not apply to you. Your or your bank must mail your premium payments to:
RRB, Medicare Premium Payments
P.O. Box 979024
St. Louis, MO 63197-9000
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What is the Medicare Premium Collection Center?
If you pay Part A, B, or D premiums; then, you have a "Medicare Premium Bill." The bill covers next month's coverage and additional months if you elect quarterly payments.
Those who pay a late enrollment penalty have a Medicare Premium Bill. Medicare sends this bill around the 10th of the month.
When you don't pay a month, you receive a bill with two monthly billing statements. You must pay your premium to avoid a policy lapse. A policy lapse due to non-payment you may not be able to enroll in new coverage until the following the Annual Enrollment Period.
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How to Sign Up for Automatic Medicare Payments
Now that you're signed up for Medicare, with easy pay set up, consider looking into supplemental plans that can help lower your costs. Most supplemental Medicare plans have an automatic payment option and even offer a discount when selecting this payment option. If you need help navigating your supplemental Medicare options, give us a call. Our services are 100% free and you'll receive unlimited support from our Client Care Team. You can also see what options are in your area using our quoting tool.
Source: https://www.medicarefaq.com/faqs/medicare-easy-pay/
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