Paying for Medicare

Paying for Medicare

If you get Social Security or Railroad Retirement Board (RRB) benefits, your Part B (Medical Insurance) premium will get deducted automatically from your benefit payment.

If you don’t get benefits, you’ll get a bill to pay your premiums for:

1. Part B (Medical Insurance)

2. Part A (Hospital Insurance) if you buy it

3. Part D income-related monthly adjustment amount (Part D IRMAA). This is an extra amount you pay in addition to your Part D plan premium, if your income is above a certain amount

If you get a bill from the RRB and are only paying for Part B, you’ll get a “Medicare Premium Bill” (Form CMS-500) every three months.

If you buy Part A or if you owe Part D IRMAA, you’ll get a “Medicare Premium Bill” every month.

There are four 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. Learn more about paying your premiums online.

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.

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.

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.

If you pay by credit or 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