Some Easy Pay Medicare Part B Premiums Charged Twice

Some Easy Pay Medicare Part B Premiums Charged Twice

Some Easy Pay Medicare Part B Premiums Charged Twice Medicare Resource Center

More than 400 000 Medicare Part B Members Paid 2 Premiums Last Month

Federal officials say all beneficiaries have gotten their money back

Westend61/Getty Images Medicare calls the system Easy Pay because it lets beneficiaries have their monthly Part B premiums deducted from their bank accounts. But last month, 411,000 enrollees discovered that they'd paid two premiums, not one. Officials at the Centers for Medicare and Medicaid Services (CMS) said that the overpayments were the result of a “process error” and that as of Sept. 29 all the money that was overpaid Sept. 20 had been returned to beneficiaries’ bank accounts. For most beneficiaries, monthly Part B premiums are $135.50 this year, but individuals with high incomes could have to pay up to $460.50 a month. If you use the Easy Pay system, make sure to check that your bank statement shows that you paid only one premium last month. Medicare actually bills its beneficiaries in advance, so the payment made Sept. 20 is for the October premium. It's probably a good idea in the future to make sure your payments are correct. This is the second time this year that a government error has affected beneficiaries. In June, about a quarter-million Medicare beneficiaries discovered that the Social Security Administration had not deducted the monthly premiums for Medicare Advantage and Part D prescription drug plans from their retirement benefits and did not send the money to the private insurance companies that run those plans. Premiums for most Medicare recipients are deducted from their Social Security deposits. Otherwise, Medicare beneficiares have four methods to pay their bill: Pay online by credit card or debit card at Pay directly from your savings or checking account by using your bank's online bill-paying service. Medicare can tell you what information you need to give to your bank. Pay through Easy Pay. Mail your payment to Medicare by check or money order. Include your payment coupon and send the money to: Medicare Premium Collection Center, P.O. Box 790355, St. Louis, MO 63179-0355.

More on Medicare

Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

Close In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!

Some Easy Pay Medicare Part B Premiums Charged Twice | Trend Now | Trend Now