When Are Medicare Premium Payments Due?

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   Jason Goldenzweig

   Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada

   Premium payments for Medicare are due the day that is designated for your program.  If the effective date of the coverage is the first of the month, the premium due date / draft date will most likely be the first day of the month as well.  Most individuals will either send in a check by mail for their premium, have it withdrawn electronically from their bank account, or deducted from their social security checks.

   Answered on March 21, 2014

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