I am not collecting Social Security yet, so why is my first Medicare bill for three months at once and how am I supposed to pay it?
Answered by 4 licensed agents
Since you are not drawing Social Security benefits, you are receiving the bill for your Medicare directly. Their billing cycle is quarterly. Medicare has several ways to pay through an auto draft from your bank account (Medicare Easy Pay), going to Medicare.gov to pay directly online, by mail if you like sending checks or money order, or you can go through your bank to set up the bill pay. Once you start drawing Social Security benefits, Medicare will automatically deduct your premiums from that.
Medicare can be a little bit tricky for those not getting Social Security right away but wanting Medicare benefits. Medicare will bill you in quarterly increments, and you are expected to pay premiums for each one of those months within the quarter. Medicare premium is mandatory and everyone has to pay this who is Medicare eligible. You can pay this online through Medicare.gov, have it direct pay through your bank account (like electronic funds transfer-EFT), mail in a paper check, money order, or cashier's check. This will be due by the 25th of the month when you do not receive Social Security benefits.
If you’re not collecting Social Security yet, your Medicare premiums aren’t being automatically deducted from a Social Security payment, so Medicare generally bills you directly. Your Medicare Premium Bill may include three months of Part B premiums, and you can pay it online through your Medicare account, through your bank, by mail, or by setting up Medicare Easy Pay. As a local, licensed Connie Health agent in North Carolina, I can also help you understand your Medicare costs and what to expect with future bills.
If you’re not collecting Social Security benefits yet, your Medicare Part B premium isn’t automatically deducted from a monthly benefit payment. Medicare generally bills you directly, and your first bill may include three months of premiums at once. You can pay your Medicare bill online, through your bank, by mail, or set up Medicare Easy Pay for automatic payments. A local, licensed Connie Health agent can also help you understand how Medicare premiums and billing work.
