How to Pay for Part B when You're Not on Social Security

Here's what you need to know!

Here’s some information on how to pay for your Part B premium when you’re not on Social Security. 

4 ways to pay your Medicare bill:

  1. Pay online through your secure Medicare account — You can pay by credit card, debit card, or from your checking or savings account. Create a Medicare Account.
  2. Pay directly from your savings or checking account through your bank’s online bill payment service — learn what information you need to have ready when you contact your bank to set up this service. Get details so your payment goes through on time
  3. Sign up for Medicare Easy Pay, a free service that automatically deducts your premium payments from your savings or checking account each month. We’ll deduct your premium from your bank account, usually on the 20th of the month. Get details about Medicare Easy Pay. 
  4. Mail your payment to Medicare — You can pay by check, money order, credit card, or debit card. Fill out the payment coupon that comes with your bill. Payments sent without the coupon may be delayed.

Medicare Easy Pay is a free way to set up recurring payments for your Medicare premium. If you sign up for Medicare Easy Pay, your Medicare premiums will be automatically deducted from your checking or savings account each month. It can take up to 6-8 weeks for your automatic deductions to start. Until your automatic deductions start, you’ll need to pay your premiums another way (this is the 4 ways mentioned above). If you can’t process your Medicare Easy Pay request, we’ll send you a letter explaining why.

What else do I need to know about Medicare Easy Pay?

Once your Medicare Easy Pay starts, 2 things will happen each month:

  1. You’ll get a monthly statement that says “THIS IS NOT A BILL” letting you know that the premium will be deducted from your bank account. 
  2. Medicare will deduct your premium from your bank account on or around the 20th of the month. Your bank statement will show a payment to “CMS Medicare Premiums.”

 

If your bank rejects or returns your premium deduction, Medicare will send you a letter with instructions on how to send your payment to Medicare.

If your premium amount changes, Medicare will automatically deduct the new premium amount from your bank account.

You can pay by check, money order, credit card, or debit card. Fill out the payment coupon that comes with your bill. Payments sent without the coupon may be delayed.

If you pay by credit/debit card, enter the account information and expiration date as it appears on your card. Be sure to sign the coupon.

Mail your Medicare payment coupon and payment to:

Medicare Premium Collection Center

PO Box 790355

St. Louis, MO 63179-0355

It can take up to 6-8 weeks for your Medicare Easy Pay automatic deductions to start. Until your automatic deductions start, you’ll need to pay your premiums another way (this is the 4 ways mentioned above). 

 

That’s it! Let me know if you need me to clarify.

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stay informed!