Medicare Easy Pay: What Is It? How to Pay Medicare Online
Key Takeaways
Medicare Easy Pay allows you to pay your monthly premiums automatically through a checking or savings account.
Medicare provides the service at no charge and makes it easier to pay Part A, Part B, and Part D IRMAA premiums.
You can set up Medicare Easy Pay online or by filling out a form and mailing it in.
Medicare also offers options to make one-time online payments and never charges a service fee, although your credit card company or bank may charge a fee.
What Is Medicare Easy Pay?
Medicare Easy Pay is a service offered by Medicare that allows you to have monthly premiums for Part A, Part B or both automatically deducted from your checking or savings account.
The service can simplify the process of making Medicare payments. It’s likely that you do not make a monthly premium payment for your Medicare Part A coverage. However, your Part B coverage has a monthly premium and Easy Pay is a simple tool to ensure you don’t miss a monthly payment.
If you receive a “Medicare Premium Bill,” you can pay the premiums on your bill using Medicare Easy Pay. People who have Medicare and are receiving Social Security benefits or Railroad Board benefits have their Medicare payments deducted from their benefits payments, so they aren’t eligible for Medicare Easy Pay.
Is There a Charge for Medicare Easy Pay?
There is not a charge for using Medicare Easy Pay. Medicare doesn’t charge you a fee for any method of payment you choose, although the companies providing the payment method (i.e., your bank) may charge a fee for some forms of payment.
How Do I Set Up Medicare Easy Pay?
When it comes to Medicare billing, Medicare offers you two ways to sign up for Medicare Easy Pay.
- If you want to pay Medicare online, you can sign up for Medicare Easy Pay by logging into or creating an online Medicare account. [i] Once logged in, you can access a short online form after selecting “My Premiums” and “Sign Up.” You also can stop or change the details of Medicare Easy Pay online.
- Alternatively, you can fill out and mail in form SF-5510, [i] which includes instructions and can be used to start, stop or change the details of your Medicare Easy Pay agreement. When you get ready to fill out the form, you will need your Medicare card and a few bank account details handy.
If you have questions, you can call Medicare at 1-800-633-4227 (TTY: 1-877-486-2048).
What happens after I sign up?
Medicare states that it “can take up to 6-8 weeks for your automatic deductions to start.” Until then, you are responsible for making sure you pay in a timely fashion. It can take a similar amount of time for changes to take effect and take up to four weeks for automatic payments to stop.
Once Medicare Easy Pay is up and running, your “Medicare Premium Bill” should contain the words “THIS IS NOT A BILL” in the upper-righthand corner. [i] This lets you know you have automatic payments.
Payments are typically deducted from your account around the 20th of the month.
Can I Pay My Medicare Bill Online?
While Medicare Easy Pay provides an option for automatic monthly payments, you also have the option of making automated one-time payments online.
Can you pay Medicare online with a credit card?
If you are looking for ways to pay Medicare online, credit cards and debit cards are accepted. Currently, there is no option for setting those up as recurring payments. After selecting “Pay my premium” in your online Medicare account, the U.S. Treasury’s Pay.gov site will direct you to complete your one-time payment.
