How do I pay for the coverage?

September 20, 2009 by admin

You have choices in the way you pay your Medicare drug plan premium. Depending on your plan and your situation, you may be able to pay your Medicare drug plan premium in one of four ways: 1. Deducted from your checking or savings account. 2. Charged to a credit or debit card. 3. Billed to you each month directly by the plan. Some plans bill in advance for coverage the next month. Send your payment to the plan, not Medicare. Contact your plan for the payment address. 4. Deducted from your monthly Social Security payment. Contact your drug plan (not Social Security) to ask for this payment option. With this option, your first deductions usually take 3 months to start, and 3 months of premiums will likely be collected at one time. You may also see a delay in premiums being withheld if you switch or leave plans.