How Do I Pay for Medicare?
I am coming up on Medicare eligibility and want to drop my coverage through my employer but do not want to draw Social Security, how will I pay for Medicare?
You have two options:
1. You can be billed quarterly.
They may charge you for up to 5 months with your first bill depending on when your birthday month falls within the year.
2. You can enroll in Easy Pay.
This will allow Medicare to draft the premium directly out of your bank account around the 20th of each month.
You would need to pay the first couple of months because you are dealing with a government entity and they move slowly, but after 60 days they will draft the premium straight from your bank account.
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