Medicare Premium Payment Process

Mike Olmos by Mike Olmos | Licensed since 2010
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This article was updated on: 07/06/2018

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Although Medicare is partially funded by the government, you may still be responsible for Medicare payments. If you have Original Medicare or a Medicare Advantage plan, you will pay a monthly Medicare premium for Medicare Part B (medical insurance). In most cases, the Medicare premium amount is deducted from your benefit payment if you get Social Security, Railroad Retirement Board benefits, or civil service benefits and you don’t have to take any action to make you Medicare payment. If you do not receive benefit payments, then you will be billed for the cost of your Medicare premium for Part B.

Most people do not pay a Medicare premium for Medicare Part A because they or their spouses paid Medicare taxes while working for a minimum of 10 quarters. But if you do not qualify for premium-free Part A, your Medicare costs would include a monthly Medicare premium for Part A as well.

How to pay your Medicare premiums

You may pay for these Medicare premiums these four different ways:

  • Pay by check, and mail your Medicare payment to:
    Medicare Premium Collection Center
    P.O. Box 790355
    St. Louis, MO 63197-0355
  • Make your Medicare payment by credit card. Complete the bottom portion of the payment coupon on your bill, and mail to the address for the Medicare Premium Collection Center above.
  • Sign up for Medicare Easy Pay. This payment method automatically deducts your Medicare premium payments from your checking or saving account each month. You must mail a completed Authorization Agreement for Pre-authorized Payments form (SF-5510) to the following address:
    Medicare Premium Collection Center
    P.O. Box 979098
    St. Louis, MO 63197-9000
  • Pay your Medicare premiums through your bank’s online bill payment service.

If you have Medicare coverage such as a Medicare Advantage plan, a Medicare Part D prescription drug plan, or Medicare Supplement (Medigap) insurance, you should check with the insurance company to find out where to send your Medicare premium payment, if applicable.

Concerned about your spending on Medicare Premiums? The Annual Election Period is a good time to compare different plans and see if you’re getting the coverage you want at a price that suits you best. I can assist you in this process. You can reach out to me for a phone discussion or an email containing plans that could work for you; the links for those are below. To take a look at plans right away, use the Compare Plans buttons on this page.

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