The Medicare Giveback Benefit is a Part B premium reduction offered by some
If you
If you’ve heard about the Medicare Part B Giveback Benefit, you may have questions about how it works.
Here’s a look at what it is, who’s eligible and more.
The Medicare Giveback Benefit is a Part B premium reduction offered by some
If you
To be eligible, you must:
You are not eligible if you receive Medicaid or any government assistance that helps you pay your Part B premium. Also, the Part B Giveback is restricted to certain states and counties. Plans may not be available in your area.
You will not receive checks directly from your Medicare Advantage plan carrier. You can get your reduction in 2 ways:
No. The Medicare Giveback Benefit is only available to people enrolled in certain Medicare Advantage plans. Medicare Savings Programs (MSPs) are available to people enrolled in Original Medicare who have limited income and resources.
To learn more about MSPs, including how to apply, read this article on Medicare Savings Programs.
For more helpful information on Medicare, check out these 10 frequently asked questions about Medicare plans.
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