Nov 26, 2018

Save time with automatic payments

Member for

5 months 1 week

Most Medicare Prescription Drug Plans charge a monthly fee called a premium that varies by plan. You pay this in addition to the Medicare Part B premium. To have this premium automatically deducted from your monthly Social Security payment, contact your Medicare Part D drug plan (not Social Security).

Your first deduction will usually take 3 months to start, and 3 months of premiums will likely be deducted at once, so make sure your Social Security payment is enough to cover this. After that, only one premium will be deducted each month. You may also see a delay in premiums being withheld if you switch plans. If you want to stop automatic premium deductions and get billed directly, just let your Medicare Part D drug plan know.

Take the worry and guesswork out of paying your premium bills, and contact your drug plan today. Rest assured knowing that your payments will be deducted as scheduled—on time, every time.