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How Do I Pay My Medicare MonthlyÂ
Premium Living In WNY?
By Andrew L Hibbard @WNYMrMedicare
Originally Posted: 10 APR 2023
Updated & Revised:
This article assumes you already know you need to sign up for Medicare and what you’ll be paying monthly for Medicare. If that is true, then the next logical question is how will you pay it? Let’s look at some of your payment options…
(Read the attached article if you need help with how to sign up for Medicare.)
For starters, both Medicare Part A (Hospital Benefits) and Medicare Part B (Medicare Benefits) have a monthly cost.
In most cases, you will receive Part A at no cost to you because you satisfy the work requirements set by the Federal Government. That is, you have paid payroll taxes for 40 quarters, or the equivalent of 10 years, from active employment. (But really, there is a cost to Part A. You just pre-paid it from your FICA taxes working for 45 years from age 20 to 65. I also wonder, where’d all that money go?)
Now, regarding Medicare Part B, almost everyone pays a monthly premium. It will vary based on your work history, payroll taxes paid overtime, and your income in retirement. However, there are situations and scenarios where you can get premium-free Part B due to low-income, but those will not be discussed in this article.
For those of you who are doing everything the government wants, and expects, from you, like retiring at 65, signing up for Social Security at 65, and signing up for Medicare at 65, you will likely not get a monthly bill for your Medicare premium.
When you sign up and start both Social Security and Medicare at the same time, your monthly Medicare Part B premium will be deducted automatically from your monthly Social Security benefit payment (or Railroad Retirement Board benefit payment).
Some of you may choose to suspend your Social Security benefit payments until after 65 and wait until your arbitrary and assigned “full retirement age,” but want to enroll in Medicare at 65. Without a Social Security check for Medicare to syphon their money from, you will get a premium bill by mail and be required to pay three (3) months at a time, not monthly.
FOUR WAYS TO PAY YOUR MEDICARE MONTHLY PREMIUM LIVING IN WNY
1. Pay online using your Medicare account. This service is free, and you can use credit card, debit card or provide a checking or savings account number. You will need to manual log in each and every time you receive your premium bill and be required to pay three (3) months at a time, not monthly.
2. Pay using a direct debit from either your checking or savings account through “Medicare Easy Pay.” This service is free and authorizes and approves Medicare to deduct your Medicare premium each month, instead of every three (3) months.
3. Pay using your banks “Bill Pay” service. Depending on your bank, you may be charged a processing fee for paying this way.
4. Pay by check, money order, credit card or debit card through the mail. You will need to request and receive a specific payment coupon that must accompany your payment. If the appropriate coupon is not accompanied or completed correctly, your payment will not be processed and be returned to you.
Whatever way you decide to use, be sure your Medicare bill payment is received on time.
All Medicare bills are due by the 25th of the month. In most cases, for most people, your bill is due the same month that it is sent.
Due to the ongoing demand and delay with Medicare, it is suggested to submit your payment at least 5 days prior to the due date printed on your Medicare premium bill.
If you miss a payment, or your payment is received or processed late, your next bill will itemize and include a “past due” amount.
Be on the lookout for a Medicare premium bill with the heading “Delinquent Bill.” Receiving one requires you to pay the complete and total amount due, on time, or you’ll lose your Medicare coverage.
Ok, there’s a lot to deal with, right? I get it.
And as an active adult in WNY, who’s always on the run, you need a smart solution to cut through all the clutter.Â
If you want some light shed on your situation, your hand held the whole way, and making your move to Medicare simpler, easier, seemingly stress-free and almost effortless, I can do just that. Here's how...
NEARING AGE 65 AND AREN'T SURE WHERE TO START?
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**If you are TURNING 65 IN 4-6 MONTHS, you should be getting ready to enroll and your paperwork prepared to either sign up at 65, or suspend --- you can't do nothing. If you don't have the time or desire to deal with doing any of the dirty work with Medicare yourself, OR, you feel frustrated, confused and kind of clueless about figuring out the fine print with Medicare, you can rely on my free Medicare SmartStart Program and let me take away all your stress of trying to tackle anything on your own. It's how I help people just like you. Weekly availability is limited to the first 10 folks, and maximum 40 per month. Don't delay. Click HERE now to learn more about my nationally recognized program, and how you can put it to work for you --- for free.
**If you are TURNING 65 IN 1-4 MONTHS, you are cutting it close to your Medicare late penalty period. If you have NOT yet filled out and filed your Medicare forms, you are behind and against the clock. It is URGENT we get together as soon as possible so I can do all I can, before it's too late, to help you avoid paying a costly late penalty for life. Click HEREÂ now to immediately schedule an emergency Medicare SmartStart Strategy Session with me...if there are any still available.
HAVE MORE MEDICARE QUESTIONS?
Read the most common questions folks in WNY ask when they aren’t sure how to get started with Medicare. Click HERE to see the complete Medicare SmartStart Answers article archive.
ABOUT THE AUTHOR
Andrew L Hibbard is a prominent name when mentioning Medicare in WNY, but one you may have never heard of. Working behind-the-scenes, he is a best-selling author, expert advisor and successful agency owner. Focused on educating first, Andrew prides himself on being considered “the only advocate in WNY fighting for better and more reliable Medicare resources, free from insurance company conflict of interests.”
To take away the stress of trying to tackle Medicare alone and feeling forced to figure it all out by yourself --- Andrew created the WNY Medicare SmartStart Program; a free, step-by-step plan, that holds you by the hand to sign up and start Medicare smartly. (More than 850+ people have gone through the program and call it “the lazy way to get Medicare done for you without costing you a dime”).
**SPECIAL FREE GIFT** If you want to see how hundreds of WNY'ers each year are doing things different with Medicare, and getting it all done in record time, you can request a special "Medicare SmartStarter Info Kit” at no-cost to you, Andrew will give it to you as his free gift. It will prove, without a doubt, why his Medicare SmartStart Program is widely considered the most popular and preferred way to sign up and get started with Medicare in WNY, Guaranteed! Simply click HERE right now, and everything will be rushed to you right away. It's that easy!
You Can Feel Confident Knowing What To Do With Medicare.
I Can Take Away The Stress Of Trying To Tackle It On Your Own.
Figuring out all the fine print with Medicare doesn't need to feel stressful. You don't have to spend your scarce free time at home, alone, in isolation, relying on your own assumptions and hit-or-miss guesses, attempting to do-it-yourself.
Confidently knowing exactly what to do (and when) with Medicare is the key to avoiding future fines and fees and only my Medicare SmartStart Program will show you how.
If you don't have the time or the desire to deal with Medicare directly, and want a BETTER, SMARTER, time-saving solution to short-cut hours of your own trial and error so you know --- without question --- you aren't messing anything up making a mistake...
Let me put my proven Medicare SmartStart Program to work for you.Â
Click the link below to take the next step and schedule a complimentary Medicare SmartStart Strategy Session with me --- it's that easy!
You Can Feel Confident Knowing What To Do With Medicare.
I Can Take Away The Stress Of Trying To Tackle It On Your Own.
Figuring out all the fine print with Medicare doesn't need to feel stressful. You don't have to spend your scarce free time at home, alone, in isolation, relying on your own assumptions and hit-or-miss guesses, attempting to do-it-yourself.
Confidently knowing exactly what to do (and when) with Medicare is the key to avoiding future fines and fees and only my Medicare SmartStart Program will show you how.
If you don't have the time or the desire to deal with Medicare directly, and want a BETTER, SMARTER, time-saving solution to short-cut hours of your own trial and error so you know --- without question --- you aren't messing anything up making a mistake...
Let me put my proven Medicare SmartStart Program to work for you.Â
Click the link below to take the next step and schedule a complimentary Medicare SmartStart Strategy Session with me --- it's that easy!
Get Started For FREE!
Who Is Andrew Hibbard?
Since 2015, Andrew has helped over 850+ Western New Yorkers through his nationally recognized Medicare SmartStart Program, taking away all the stress from folks trying to tackle Medicare on their own. His impressive record of success has been gotten Andrew featured in Forever Young Magazine and the BEE Group Newspapers, exclusive interviews on WECK Radio's Senior Matter's Program, and author an #1 Amazon best-selling guidebook on the subject, "Starting Medicare Smartly," revealing how the rules specifically and significantly differ for NY residents versus other states.
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