Yes. In fact, if you are signed up for both Social Security and Medicare Part B — the portion of Medicare that provides standard health insurance — the Social Security Administration will automatically deduct the premium from your monthly benefit.
Medicare Part A, which covers hospitalization, is free for anyone who is eligible for Social Security, even if they have not claimed benefits yet.
If you are getting Medicare Part C (additional health coverage through a private insurer) or Part D (prescriptions), you have the option to have the premium deducted from your Social Security benefit or to pay the plan provider directly. If you want the deduction, you will have to contact your part C or D provider to arrange it.
Keep in mind
- If you are enrolled in Part B but not yet collecting Social Security, you’ll be billed quarterly by Medicare. You can pay electronically or by mail. The Medicare fact sheet "Pay Part A & Part B Premiums" has details on your options.
- People with low incomes and limited financial assets may qualify for one of four Medicare Savings Programs that can help with premiums and copays. These are federally funded but run by the states. Eligibility requirements vary, but for most of the programs income limits range from about $1,000 to $1,400 a month for individuals and about $1,400 to $1,900 a month for married couples.