A: Medicare Easy Pay is a way to pay your Part B premium if you are not yet accepting Social Security benefits. You won’t have to worry about how to pay your Part B premium if you are already receiving monthly Social Security payments. The federal government will automatically deduct it from your payment before it is deposited in your account.
But what if you are not accepting Social Security benefits when you become eligible for Medicare? How does that work? You will receive a quarterly invoice from the Centers for Medicare and Medicaid Services (CMS) unless you arrange for Medicare Easy Pay.
With Medicare Easy Pay, the Part B premium is deducted on a monthly basis from your bank account. It’s a safer bet than the quarterly invoice delivered through the mail. If you mistakenly throw out the mailed invoice and the 30-day follow up letter, you risk losing your Part B coverage due to lack of payment. (It happens – we can become immune to the tsunami of turning - 65 literature in our mailbox and throw the invoice out by mistake.)
Interested? Check out Medicare Easy Pay at www.medicare.gov