Question

Mr. Torres has a small savings account. He would like to pay for his monthly Part D premiums with an automatic monthly withdrawal from his savings account until it is exhausted, and then have his premiums withheld from his Social Security check. What should you tell him?

Answer 1

Answer:

In general, Mr Torres must select a single Part D premium payment mechanism that will be used throughout the year.

Explanation:

Given the situation above, the best advice to give Mr. Torres, is that, all things being equal, it is imperative generally, that he must select a single Part D premium payment mechanism that will be used throughout the year.

This is because, it will be a lot easier, with less stress of constant monitoring his savings account and often time, it is more beneficial to use.