Ask Larry

Should I Pay My Medicare Premiums If They Are Scheduled To Be Withheld From My Benefits?

I now pay for Part B directly. Just received bill for May 1 - July 31 that's due April 25. Will begin receiving social security benefits in May and understand that Part B premium will be deducted automatically. Should I pay the Part B bill, all or part?

Hi,

I think the safest route would be to pay the entire amount, with the understanding that any duplicate premium payments will be refunded to you after your premiums start being deducted from your Social Security benefits. The duplicate premiums are generally refunded automatically within 60 days.

Best, Jerry

Category: 
Posted: 
Apr 10 2018 - 6:54am
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