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When signing up for Social Security, I mistakenly signed up for Medicare Plan B. I don't need it right now because I am currently employed and covered by my employer's group health plan. However, I have already received an invoice for the first three months of Medicare Plan B. Do I have to pay it, even though I won't be using it? Thank you.
Whether or not you have to pay for it (or some of it) depends on what the billing months are - Medicare Part B premiums are for the month of billing; they aren’t paid in advance for a current month. So if one of these months is for June or earlier - you will have to pay.
Then you need to cancel Part B IF you have coverage that is acceptable to Medicare. Here’s how you do it.
SSA.gov - How do I terminate my Medicare Part B (medical insurance)? KA-02713 - FAQ
Now to tell if your employer coverage is OK for you to drop Part B - usually if your employer has less than 20 employees, you may have to keep it because Medicare pays 2nd in that situation.
Medicare.gov - How Medicare Works With Other Insurance
This is the sort of stuff SSA will go over with you when you call about cancelling your Part B (or should).
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