Starting February 1, 2019, the Social Security Administration (SSA) and Railroad Retirement Board (RRB) stopped deducting premium payments from members who opted to pay their premiums by Social Security or Railroad Retirement Board checks. It was termed a systems issue that has been corrected. But the SSA and RRB report they can’t deduct premium payments retroactively. This problem affects Medicare Advantage and Medicare Part D (prescription drug) members.
All carriers and plans are affected, but you may not be. If you are, you should receive a notice from your insurance company about any past-due premiums. As your American Senior Benefits agent, I expect to receive communications from the various insurance companies on how to resolve the issue.
Each of the carriers will have their own method to remedy the past-due premium issue. I’ll keep you advised of ways to proceed (or contact me if you wish).
In our opinion, monthly Electronic Funds Transfers from a checking or savings account are the most secure and consistent methods of payment, and we continue to recommend that you use them.