How Do I Pay for my Medicare Part D Premiums

A lot of people want to enroll into a prescription drug plan but they don't know how they are going to pay for it. They are willing to pay the premiums but they don't want any additional hassles of mailing payments every month. There are many different options when it comes to paying for a Medicare Part D prescription drug plan.

Social Security Benefit Deduction

Many of Medicare beneficiaries are receiving a social security benefit check to include in their income. Every month, most beneficiaries receive the balance of their checks after their Medicare part B premiums have been paid. This is an amount that is taken directly from their benefit check. This works well because they don't have to concern themselves with mailing a premium in. Medicare part D prescription drug plan premiums can also be deducted from their benefit check.

Those that like the thought of having their prescription premiums deducted from their social security benefits check should speak with their insurance provider about that option. When a beneficiary decides this is their method of payment, they may need to sign an authorization form. This form gives the Social Security Administration permission to withhold that amount of money from the benefit check.

Automatic Withdrawal from Bank Account

In today's society, many people put their bills on auto draft from their bank account. They will allow their creditor to withdraw the monies they owe from their bank account on the day that it's due or a specified day. This helps many people ensure their bills are always paid without having to do anything extra.

Those that like this method of payment are able to do this with most Medicare part D prescription drug plan providers. As with any other company, signing up for direct withdrawal starts with the part D prescription insurer mailing their members the proper forms to be signed. Once members receive this form, they need to be filled out properly and sent back. Once the insurance provider receives this information, they can begin the automatic payments.

Mail In Payments

There are some Medicare beneficiaries that choose not to have their payments automatically withdrawn but they still don't want the hassle of writing a check each month. Although they have to mail in a payment, there are some that choose to pay the entire years’ worth of insurance premiums in one payment.

Those that choose to do this find that it's easier for them to make one payment at the beginning of the year to pay the premiums for the entire year. These financially savvy beneficiaries take the monthly cost of their premiums and multiply it by 12 to get their annual cost. As soon as they have that amount, they mail in a check or money order for the annual amount.

It may not seem like a big deal if Medicare beneficiaries pay their premiums through automatic withdrawal or in one lump sum each year. For those that choose to make their payments this way, it is extremely important. Those that choose to do this have the reassurance their premium payments have been paid for the month or year and they don't have to sit down and write a check each month. These Medicare part D beneficiaries are able to keep their insurance premiums current without remembering to mail a payment.

Sep. 14 12'

i HAVE NOW CALLED THREE TIMES OVEER A PERIOD OF SEVERAL WEEKS TRYING TO GET THE FORM TO SET  UP DIRECT WITHDRAWL; I'VE BEEN TOLD THE FORM WENT OUT 10 DAYS AGO APPROXIMATELY. hAVE  YET TO RECIVE IT!

i HAVE HAD THIS FOR SEVERAL YEARS BUT DUE TO COMPUTER HACKING HAD TO CHANGE MY CHECKING ACCOUNT. PAID OCTOBER PREMIUM BY PHONE DUE TO THIS PROBLEM  HOW LONG DOES IT TAKE TO HEAR FROM YOU AS  NOV. PREMIUM IS DUELEAH LEDERFINE  ON THE 5TH OF THE MONTH

Oct. 18 13'

LEAH LEDERFINE

I am not sure who you have been talking to but I do not take customer service calls. I am an independent contractor and I do NOT mail things of that nature out. But I can recommend that you go to the website of the company that has your Medicare Part D insurance and pull the information off the internet. You can also call 800-Medicare for additional help if you feel that the company is not responding to your needs. Personally, I would call the company again, ask for a supervisor to address the issue for you. I wish you well and hopefully it will be resolved soon.

Oct. 18 13'

Kimberely Douglas

I am not sure who you have been talking to but I do not take customer service calls. I am an independent contractor and I do NOT mail things of that nature out. But I can recommend that you go to the website of the company that has your Medicare Part D insurance and pull the information off the internet. You can also call 800-Medicare for additional help if you feel that the company is not responding to your needs. Personally, I would call the company again, ask for a supervisor to address the issue for you. I wish you well and hopefully it will be resolved soon.

Oct. 18 13'

Kimberely Douglas
Congress decided they had to keep Americans safe, menanig they stopped them from getting drugs from Canada and Mexico. EVERY TIME someone mentions safety, it costs us more. Too bad they weren't concerned that a lot of people would now have to choose between food shelter vs. medications, because of the high price tag in our country. Once they got this rolling and everyone signed up, the insurance companies just raise the premiums, instead of doing what they're good for using the backing of so many customers to negotiate lower drug prices. Greed has always been allowed to run rampant during Republican majorities. Then the Democrats come in, raise taxes and get the debt down, so we can vote the Republicans in again. Hasn't anyone else seen this pattern too many times? When will we learn? It would be nice to have a third option instead of these 2 parties playing us like a game of dominoes. I'd rather take my chances on someone I don't know, than to have to keep putting up with these well organized parties. At least Congress did one thing right. They passed a law that anyone in office (effective the beginning of 2008?), can not go to work for lobbyists. That's why Sen. Trent Lott, Mississippi decided to leave office early. Hopefully this will help clear off some of the scum.
Jul. 7 15'

Maddie

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