Medicare Easy Pay - Setting Up Automatic Deductions

By: Agnus Smith
Published: Friday, December 28 2018
Last Updated: 3 years ago

Lots of people have trouble finding out how to pay for Medicare each month. Others do not have the time to deal with the hassle of making sure their Medicare payments are made. This is one of the most frustrating aspects of receiving access to Medicare, one that can put off many people from accessing the care they need to get by.

Luckily, there are easy ways to make sure that Medicare gets resolved every time a payment is due. If you are interested in being able to pay Medicare premium online, this is the information you need to know to get easy pay setup.

What Is Medicare Easy Pay?

Medicare Easy Pay is an electronic payment option that lets people choose to have their Medicare payments taken from their banking account when it is due each month. There has never been an easier way to ensure that everyone who qualifies for Medicare can get the help they need, whenever they need it, with easy pay setup.

Medicare Easy Pay is a relatively new payment method that makes the process of being able to pay for health coverage in your senior years much more accessible and easy to navigate than it ever has been before.

Who Is Eligible To Sign Up?

There are lots of things that require many complicated hoops to jump through when navigating the right type of health care. Luckily, this is not one of them. If you're worried that you are ineligible for Medicare Easy Pay, you don’t have to worry. This service is available to anyone who gets a bill from the Centers for Medicare & Medicaid Services, and you can sign up at any time.

If you are interested in streamlining your payments for Medicare, this is super simple to sign up for and can greatly help make sure that your payments come in on time, each and every time they are due.

How To Sign Up For Medicare Easy Pay

The process to sign up for the service is completely simple and is something that is accessible to anyone. All you need to do to get easy pay setup is to fill out the Authorization Agreement for Pre-Authorized Payments form SF-5510 and mail it to:

Medicare Premium Collection Center
PO Box 979098
St. Louis, MO 63197-9000

Once the form has been received, you will be well on your way to accessing the wonder of the new payment system that is known as Medicare Easy Pay.

Completing Form SF-5510

Filling out the form SF-5510 is very simple. All the information that is needed is your name, address, signature, date, and your banking information. Just make sure to have your Medicare information ready when you are filling it out and it should be a complete pain-free process.

Once the form is submitted, you will be well on your way to being able to pay your Medicare premium online with the new Medicare Easy Pay options. These options will allow anyone that is interested in getting automatic payments set up for Medicare to gain adequate coverage without worrying about tricky payment schedules.

Benefits Of Automatic Medicare Payments

Once you are signed up, you will not have to worry about your monthly premium payments ever again. This convenience makes it clear that it is worth looking into alternate methods for Medicare Easy Pay options. Your coverage should never lapse due to a lack of payment once the easy pay is set up.

If you have not already done so already, it is important to look into Medicare Easy Pay options to ensure continuous service. You will never have to worry about getting a new form of payment setup when you have the automatic payments set up, so you can rest assured you will be getting the coverage that you need when you need it.

Cancelling Your Medicare Easy Pay

If for any reason, you wish to cancel your enrollment, it's time to fill out another SF-5510 form that has your desired changes filled in and mail it to the aforementioned address. There is no harm in canceling or changing your enrollment. However, once enrollment has ceased, you must make sure to mail monthly checks on schedule so you do not lose your coverage.

There are many different payment options that can be used to pay for your Medicare coverage and you have the freedom to find the payment options that are best suited to your individual needs.