Medicare Part B Give Back Benefit
Some Medicare Advantage Plans may include the Medicare Give Back Benefit.
Medicare Advantage plans in certain states and counties may include the Medicare Give Back Benefit.
When you enroll in a Medicare Advantage plan that offers the Give Back Benefit, the plan’s carrier will reimburse you for a portion of your monthly Part B premium via your Social Security check.
How Do I Know if a Plan Qualifies for Part B Premium Reduction?
You can use our website to determine if a given plan offers the Part B Premium Reduction. You can also check a plan’s summary of benefits or evidence of coverage to see Part B Premium Reduction information.
How Do I Qualify for the Give Back Benefit?
To be eligible for Part B Premium Reduction, you must:
- Be enrolled in Part A and Part B and pay your own premiums.
- Live in a service area of a plan that offers the Part B Premium Reduction.
Please note the following details as well:
- The Part B Give Back Benefit is only available on Medicare Advantage Plans.
- The Premium Reduction is offered in 48 states, and many carriers offer qualifying plans.
- The amount you get back depends on your region and your chosen plan.
- You are not eligible if you receive Medicaid or any government assistance that helps you pay your Part B premium.
How Much Do You Get Back From the Medicare Give Back Benefit?
Plans can offer up to the full cost of your monthly Part B premium or as little as $0.10. The amount you get back is mostly dependent on the county you live in, so qualifying plans in your county should have similar reduction amounts.
How is the Medicare Give Back Benefit Received?
The reduction is not received as a check from your plan provider. Also, the reduction is not discounted as part of the premium paid to your plan provider. Instead, you’ll get the reduction in one of two ways:
You can get your reduction in two ways:
- If you pay your Part B premium through Social Security, the Part B Giveback will be credited monthly to your Social Security check.
- If you don’t pay your Part B premium through Social Security, you’ll pay a reduced monthly amount directly to Medicare.
Citation: Medicare Part B Giveback Benefit. Humana.com. 4 Facts About the Medicare Give Back Benefit. Medicare.Gov.
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Some Advantage Plans offer a Medicare Part B Premium Reduction
Medicare Advantage plans in certain states and counties may include the Medicare Give Back Benefit. When you enroll in a Medicare Advantage plan that offers the Give Back Benefit, the plan’s carrier will reimburse you for a portion of your monthly Part B premium via your Social Security check.