Does Social Security deduct Medicare Part B premiums from your benefit check? The answer is yes.
If you receive benefits from Social Security, Railroad Retirement Board (RRB), or Office of Personnel Management (OPM), then your Part B premium will be deducted from your benefit payment. It will come out of your check every month starting with your Part B effective month.
What If You Don’t Receive A Social Security Benefit Check?
If you don’t receive any of these benefits mentioned above, then you will get a Medicare Premium Bill in the mail. You’ll receive a quarterly bill with a payment coupon. If you don’t want to pay 3 months at a time, you can call Medicare and request to pay monthly.
How To Pay Your Medicare Premiums
There are a few ways to make payments.
- You can sign up for a My Medicare.gov account and pay online by credit or debit card.
- You can sign up for Medicare Easy Pay. They will deduct premium payments from your checking or savings account every month.
- You can pay from your checking or savings account by using your bank’s online bill pay service.
If your first payment is late, then you’ll get another bill. If you miss the second bill payment due date then you get a delinquent bill. And if you miss that delinquent due date then you’ll lose your Medicare coverage.
What You Need To Do Next
If you have your Medicare Part B premium automatically deducted from your benefits check, you don’t have to do anything else. Just make sure to check you’re paying the correct amount.
If that’s not your situation, then you’ll get a bill or you can set up how you want to pay for your Medicare. If you need help with this then give us a call at (800) 783-5901. We’ll be happy to help you.
How Medicare Supplements Work With Your Part B Premiums
Most people will still need to pay for Part B premiums if they have a Medicare Supplement or Medicare Advantage plan. With Original Medicare, Part A is usually free. If you work for at least 40 quarters and pay into the system then you are also entitled to Part B.
There is a premium associated with Part B, but not everyone has to pay it. Those individuals would get assistance through the Medicare Savings Program or other programs through Medicaid.
If you have questions or need help applying for Part B,
then please call us at (800) 783-5901 or email us at firstname.lastname@example.org
Our service is 100% FREE and we’re happy to help you.