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What is Medicare-Question
How can I pay my Part D drug plan premium?

Answer to What is Medicare question
If you have a stand-alone Part D drug plan, you will pay premiums to the insurance company sponsoring the plan, not to Medicare.

There are four ways to pay the monthly premium. 

  1. Ask for a monthly bill and send a check to the plan.
  2. Set up a monthly automatic deduction from a checking or savings account.
  3. Charge the premium to a credit or debit card.
  4. Arrange for a transfer from your monthly Social Security payment. The drug plan, not Social Security, sets this up. It can take up to three months to implement this payment method, so prepare for the insurance company to collect those premiums at one time. 

If you have a Medicare Advantage plan with prescription drug coverage, the monthly plan premium includes the drug coverage. No extra premium is due. The four ways listed also apply to paying any premium for the Medicare Advantage plan. 


Last updated: 08-29-2018