If you’re new to Medicare or simply need a refresher, you might wonder, “Where do I pay my Medicare Part B premium?” This is a crucial question because if your premium isn’t paid on time, you risk losing your coverage—something no one wants to deal with when it comes to their health.

Luckily, I’m here to help you navigate Medicare’s ins and outs. Not only will I answer your questions about paying for Part B, but I’ll also ensure you get the right Medicare coverage for your unique needs. Let’s see how this all works.

Medicare Part B covers essential medical services like doctor visits, outpatient care, and preventive services. If you’re enrolled in Part B, you must pay a monthly premium. The Part B premium for 2025 is currently $185.00 unless your individual or joint income is above $106,000 or $211,000.  The government assesses a Medicare tax called IRMAA on the top 4% of earners.  Click for more information.

But where and how do you pay for it? That depends on how you receive your benefits.

If you receive Social Security benefits, Railroad Retirement Board (RRB) benefits, or Office of Personnel Management (OPM) benefits, your Medicare Part B premium is automatically deducted from your monthly payment. You do nothing.  It is the easiest and most secure way to pay your Part B premium.  The government is very quick and efficient at taking your money!  You don’t need to worry about manually paying it—it happens like clockwork!

But what if you aren’t receiving Social Security yet? That’s where manual payments come into play.

If you don’t receive Social Security benefits, Medicare will bill you for your Part B premium every three months. This means you must actively pay to keep your coverage going.

I actively discourage clients from taking this path. Over the years, the only clients I had who lost their Medicare for non-payment of their Part B premium were individuals who were billed quarterly. They were business owners accustomed to paying bills quarterly, but for whatever reason, the bill did not get paid.

Social Security is actually less strict than the insurance companies. They usually do not cancel someone immediately. I’ve seen some people pay the late premium after several months and still keep their Medicare Part B insurance.

Further, you cannot reinstate Medicare insurance immediately when you lose coverage due to a lack of payment. You must wait to reenroll during the General Election Period from Jan 1-Mar 31st.

That can make for a long year without health coverage because all you have is Part A for the hospital. If you are on Medicare Advantage, you are disenrolled when you lose Part B. Medigap policies do not work without Part A & B being active.

I do not advise dropping your Medigap policy either when you lose your Part B even though it no longer works. If you let that lapse as well, you will need to go through underwriting to get a Medigap policy back when you reactivate your Part B. You may not pass underwriting.

Medicare offers several ways to pay your Part B premium:

Want to set it and forget it? Medicare Easy Pay allows you to set up automatic bank withdrawals so your premium is paid on time every month. It’s free, safe, and one of the best options to ensure you never miss a payment.

We help clients do this all the time. Put MyMedicare.gov in the address bar and hit enter. On the page, there is a place to register. You need your Medicare number. Complete the registration with user name and password.

On your MyMedicare.gov account, you can view medical bills, print out a Medicare card, and verify your current insurance coverage. Click the button for payment, and you will find “Easy Pay.” You put in your banking information (routing and account numbers). Set it and forget it. It will pay monthly and keep records. When the Part B premium goes up, it will adjust. Easy-peezy.

If you prefer paying online, you can use your bank’s bill pay service to send payments directly to Medicare. Make sure you set up the correct payee details to avoid processing delays.

If you pay this way, Social Security wants quarterly payments, not monthly. While I appreciate the idea that you don’t want anyone to have access to your bank account, especially the government, mistakes happen. Banks make errors. USPS is not always timely or reliable. Accounts get hacked. If a mistake occurs, Social Security does not care. Non-payment is non-payment, and your Medicare insurance will be canceled.

You can also pay directly on the Medicare.gov website using a credit card, debit card, or bank transfer. Just log in, enter your details, and submit your payment.

This is still your MyMedicare.gov account, but you actively log in each month or quarter and pay through Social Security’s system. This is not “Easy Pay,” which is an ETF system.  Again, I would recommend against this.  People forget.  Like is busy.  Social Security does not care about excuses.  Non-payment is non-payment.  You will be canceled.

If you prefer traditional mail, you can send a check or money order payable to “CMS Medicare Insurance.” Include the payment coupon from your bill and mail it to the correct Medicare address listed on your invoice.

Missing a payment can lead to coverage issues. If you fall behind, Medicare will send you a delinquent notice, and if your premium remains unpaid for too long, your coverage could be canceled. I always stress the importance of setting up automatic payments or marking due dates on your calendar.  You must be on top of this.

Understanding Medicare payments is just one piece of the puzzle. Choosing the right Medicare plan is even more critical, and that’s where I come in.

With so many Medicare options—Original Medicare, Medicare Advantage, Medigap, and Part D prescription drug plans—it’s easy to feel overwhelmed. But you don’t have to figure it out alone. As a Medicare specialist, I help people just like you find the best coverage at the best price.

✅ I simplify Medicare – After two decades in insurance and over 2,000 clients, I break down confusing terms into easy-to-understand language.

✅ I find the best plans for YOU–We are an independent agency. We offer all the companies and Medicare plans available in your area and present them objectively and impartially.  Not all Medicare plans are the same. After listening to your concerns and situation, I help you pick one that fits your current needs and budget.

✅ I handle the hard work – Medicare enrollment can be frustrating, but I take care of the paperwork, so you don’t have to.

✅ I offer FREE consultations – Yes, free! You don’t pay me; the insurance companies do. So there’s zero cost to working with me.

Now that you know where to pay your Medicare Part B premium, let’s ensure you’re also on the right Medicare plan. Whether you need help enrolling, switching plans, or simply understanding your options, my staff and I are here for you.

📞 Call us today at 402-614-3389 to speak with a licensed insurance agent professional 📩 Email us at Chris@OmahaInsuranceSolutions.com 🌐 Visit our website www.OmahaInsuranceSolutions.com

Don’t leave your Medicare coverage to chance. Let’s find the perfect plan together!