Medicare Easy Pay (Automatic deductions for Medicare Part B premiums)
Medicare Easy Pay is an electronic Medicare part B payment option for people to have their Medicare Part B premiums set up to draft from either a savings or checking account each month.
Can I sign up for Medicare Easy Pay?
Anyone who gets a bill for their monthly Medicare Part B premium is eligible for Medicare Easy pay. Those already drawing Social Security payments are paying out of their checks automatically and do not need to set up easy pay.
Note: Those with billing through Railroad Retirement Board (RRB), are not able to utilize the service.
How do I set up Medicare Easy Pay?
To get the Medicare Easy Pay form: CLICK FOR EASY PAY FORM
Mail the completed form to:
Medicare Premium Collection Center
PO Box 979098
St. Louis, MO 63197-9000
What happens once I sign up for Medicare Easy Pay?
Sometimes it takes 6-8 weeks for Medicare to process your application. If medicare cannot process your MEP application, they will return it to you with a letter of explanation.
Two things will happen each month after your request is processed:
- You will get a Medicare premium bill stating “This is not a bill”. This will let you know that the premium will be deducted from your bank account.
- Your premium will be deducted from your bank account. This usually happens on the 20th of the month. The deduction will appear on your bank statement as an “Automated Clearing House (ACH)” transaction.
Medicare will try to deduct your premium only one time per month. If there is a problem processing your premium deduction, you will receive a letter with instructions on how to make a direct payment to Medicare.
Do I need to do anything when my premium amount changes?
No, Medicare will deduct the new premium amount from your bank account automatically.
What if I want to change bank accounts or stop Medicare Easy Pay?
You would complete another payment authorization form(SF-5510), and indicate the type of change you want to make. Mail the completed form to the address above.
If you would like more information about Medicare; contact us either by phone at (203)796-5403 or email at teal@croweandassociates.com.