Online bill paying has become a popular way to make paying bills easier, and now you can pay your Medicare premiums that way too. If your bank allows customers to pay bills online, you can use that service to pay your Medicare premiums.
How to Set Up Online Bill Pay for Medicare Premiums
To set up web-based bill paying, contact your bank. To make sure your bank processes your premium payments correctly, you’ll need to give the bank this information:
- The amount of your Medicare premium
- Your account number, which is your Medicare number without dashes (this number is on your red, white, and blue Medicare card)
- The biller’s name: CMS Medicare Insurance
- The biller’s address: Medicare Premium Collection Center, P.O. Box 790355, St. Louis, MO 63179-0355
The charges will appear on your bank statement as CMS Medicare. Remember that when your premium changes — usually in January — you will need to update the bank with the new premium amount.
Costs and Tips for Managing Online Medicare Payments
Medicare does not charge a fee for paying bills on the web, but some banks do charge for paying a fee on the internet.
For more information, visit Medicare’s online bill payment page.
To learn more about how Legacy Estate & Elder Law can support your Medicare Planning needs, contact us today.
