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Learn The 5 Ways To Pay Your Medicare Part B Premium

Learn the 5 Ways to Pay Your Medicare Part B Premium

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:

  1. Pay by check or money order
  1. Pay by credit card or debit card
  1. Pay online through your bank
  1. Sign up for Medicare Easy Pay: a free service that automatically deducts your premium payments from your savings or checking account each month.

OR

  1. 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.

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