Online bill paying has become a popular way to make paying bills easier, and now you can pay your Medicare premiums online too. If your bank allows customers to pay bills online, you can use that service to pay your Medicare premiums.
To set up online bill paying, contact your bank. To make sure your bank processes your premium payments correctly, you’ll need to give the bank this information:
The amount of your Medicare premium
Your account number, which is your Medicare number without dashes (this number is on your red, white, and blue Medicare card)
The biller's name: CMS Medicare Insurance
The biller's address: Medicare Premium Collection Center, P.O. Box 790355, St. Louis, MO 63179-0355
The charges will appear on your bank statement as CMS Medicare. Remember that when your premium changes — usually in January — you will need to update the bank with the new premium amount.
Medicare does not charge a fee for paying bills online, but some banks do charge for online bill paying.
Reece B. Morrel, Jr. is a Lawyer, MBA, CPA, CGMA, AEP®, and award-winning author. He is the founder of Morrel Law PLLC, a law firm in Tulsa, Oklahoma. He has personally worked on several multi·million dollar engagements involving tax, estate planning, elder law, business law, and accounting services. Mr. Morrel has consulted with clients and other professionals around the country. He is the author of the Lady Luck Gambling Diary: Slot Machine Edition.