Ask The Experts: Retirement

By Reg Jones

Monthly annuity deduction

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Q: I am a retired federal employee and receive an annuity. I pay for my Medicare Part B quarterly. I would like to have this cost deducted monthly from my annuity. Is there a form to do this?  If so, where can I get this form?

A: To arrange for this change, call the Medicare Administration at 1-800-633-4227 and talk to a benefits specialist.

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Comments

  1. K Lock Says:
    July 27th, 2011 at 8:30 pm

    http://www.opm.gov/retire/related/medicare/index.asp The information that you provided to have Medicare premiums withheld from federal annuities is incorrect. OPM cannot start, stop, change or refund a Medicare premium. Please DO NOT refer readers to OPM. They need to contact Medicare. Form SSA-795 might be required.

  2. R. Arnold Says:
    August 1st, 2012 at 12:19 pm

    As of August 1, 2012: I just went through the process of requesting that my Medicare Part B premium be deducted from my federal annuity. The only way to get this done is to call the SSA at 1-800-772-1213. They will take your information and start the process. No forms.