How do I pay for the coverage? Can it be deducted from my Social Security or my retirement check?
In general, there are three ways you can pay your Medicare drug plan premiums:
- You can mail a check or money order to the plan each month, OR
- You can give the prescription drug plan permission to deduct the premium automatically from your bank account, OR
- You can have your premium deducted every month from your Social Security benefits, similar to your premiums for Medicare Part B.