How are Medicare premiums paid?
You can pay your Medicare bill using different methods. Ways. Here are some methods used in paying for each Medicare:
Original Medicare and Part D IRMAA
If you get a Medicare bill for Part B premium and Part D IRMAA costs, you can pay via these methods:
- Medicare’s Easy Pay system: This method allows you to pay your Part A or Part B premium electronically. You can also pay manually or create automatic payments that are gotten straight from a checking or savings account.
- You can pay with a debit card or credit card by writing your card number directly on your bill and sending it in.
- You can also use a check or money order.
Part C, Part D, and Medigap
You pay these bills directly to the person organizing the plan. The method of payment used in each company is different. It would be best if you spoke to your insurance company about all the available ways of paying your bill. These methods are:
- Autopay: This method involves automatically removing the amount from your checking or savings account on a particular date every month
- Using a check
- Paying by debit or credit card, either online or by mail