If you’re like most people, you don’t pay a monthly premium for your Medicare Part A. However, if you have Medicare Part B and you are receiving Social Security or Railroad Retirement Board benefits, your Medicare Part B premium is usually deducted from your monthly benefit payment.
If you have Medicare Part B but you are not receiving Social Security or Railroad Retirement Board benefits yet, you will get a bill called a “Notice of Medicare Premium Payment Due”. You will need to make arrangements to pay this bill every month.
Also, if you buy Medicare Part A (Hospital Insurance) or you owe Medicare Part D income-related monthly adjustment amount (IRMAA), you’ll always get a “Notice of Medicare Premium Payment Due” each month for your premium.
You have 5 ways to make your Medicare payment:
- Pay by check or money order
- Pay by credit card or debit card
- Pay online through your bank
- Sign up for Medicare Easy Pay: a free service that automatically deducts your premium payments from your savings or checking account each month.
- If you get a bill from the Railroad Retirement Board (RRB): the payment options explained above do not apply to your situation and instead you or your bank must mail your premium payments to:
- RRB, Medicare Premium Payments
- P.O. Box 979024
- St. Louis, MO 63197-9000
For local and personalized Florida Medicare counseling – at no cost to you, contact us at (941) 405 – 3900.