Medicare Part B Giveback Benefit explained

The Medicare Giveback Benefit is a Part B premium reduction benefit offered by some Medicare Advantage plans .

If you enroll in a Medicare Advantage plan with this benefit, the plan carrier will pay some or all of your Part B monthly premium. The amount covered can range from 10 cents to the full Part B premium cost ($202.90 in 2026).

The Part B premium reduction is only available for members with certain Medicare Advantage (Part C) plans who pay their own Part B premium. To see if a plan offers a Part B giveback, be sure to review the plan’s Evidence of Coverage.

Note: The Part B Giveback is restricted to certain states and counties. Plans may not be available in your area.

You can get your Part B reduction in 1 of 2 ways:

1. If your Part B premium is deducted from your Social Security or Railroad Retirement Board check, the amount deducted will be reduced by the amount of your Part B rebate. A lower deduction means a higher monthly check for you..
2. If you pay your Part B premium directly, the rebate amount will be reflected on your invoice from Medicare, reducing the amount you pay towards your Part B premium. This may take a few months, so you’ll need to pay the full Part B premium until your monthly invoice catches up. Any amount you’ve overpaid will show as a credit on your monthly invoice.

That reduced amount will be listed on your statement as “Medicare Premium(s).” If you pay your Part B premium directly, that amount is what you should pay. 

To view your monthly Social Security statement online, visit SSA.gov and create your personal and secure My Social Security opens in new window  account. Many Social Security services are also available by calling 800-772-1213 (TTY:  800-325-0778). 

When will I receive my Medicare Part B reimbursement?

The Part B rebate is only given as a credit, not as cash or a gift card. The monthly amount of your rebate will be applied to your Social Security checks or Medicare Part B premium as soon as your enrollment has been completely processed. If you recently switched to a new plan with a giveback, it could take a few months for the reimbursement to start. In that case, your Part B rebate will be applied retroactively. 

For Social Security deductions, you'll get a lump sum amount for the missed months in a future check. If you pay Medicare directly, you'll receive a credit or reimbursement for the missed months once your enrollment is finalized. 

The thought of a Part B reimbursement can be appealing. However, it’s best to consider these factors before switching from your current plan to a Medicare Advantage plan with a Part B giveback:

• Cost
• Coverage
• Prescription drugs
• Doctor and hospital choice
• Quality of care

If the costs are higher or your coverage is less compared to your current plan, the Part B reimbursement may not be worth it. If cost and coverage are the same or comparable, it could be worth it. To help you choose what’s best for your needs, check out how to compare Medicare Advantage plans .

For more helpful information on Medicare, check out these 10 frequently asked questions about Medicare plans .