Get The Giveback
Up to $185.00 a month
added back to your Social Security check!
Submit the form below, or call (772) 276.7346 to get qualified immediately
Get the Medicare Advantage plan that PAYS YOU!
Is a Part B Giveback Plan Right For You?
A Medicare Giveback Plan (officially a Part B Premium Reduction) is a type of Medicare Advantage plan where the private insurer pays a portion or all of your monthly Medicare Part B premium. In 2026, the standard Part B premium is $202.90 per month.
The Part B giveback is added to your Social Security account, so it simply reduces your Part B premium payment every month.While this is an excellent benefit, there are drawbacks to these plans that you must be aware-of; Part B giveback plans are a bad idea for some people!
For example, if you tend to use a lot of medical care, you will notice that the copays are significantly higher on a giveback plan; so much so that it would be cheaper for you to not be enrolled in one!
Fortunately, you have options. Give us a call at 772.276.7346 and we can review your options in detail to determine if a giveback plan is right for you.
What are the Pros and Cons of a Part B Giveback Plan?
Pros: The Benefits
- Increased Monthly Income: The primary advantage is lower monthly healthcare costs. The reduction is typically applied automatically to your Social Security check as an increased deposit or as a credit on your quarterly Medicare bill.
- Customizable Savings: Giveback amounts vary by plan and location, ranging from a few dollars to the full premium amount.
- Convenience: There are no extra steps to receive the benefit once enrolled; the plan coordinates with the Social Security Administration automatically.
- Higher Out-of-Pocket Costs: To fund the “giveback,” insurers may offset costs by charging higher copays, deductibles, or coinsurance for doctor visits and hospital stays.
- Limited Provider Networks: Giveback plans often have more restrictive networks, meaning you may have fewer choices for doctors and hospitals or be unable to see your preferred specialists.
- Reduced Supplemental Benefits: Some plans may scale back extra perks like dental, vision, hearing, or over-the-counter (OTC) allowances to afford the premium reduction.
- Delayed Implementation: It can take up to 3–4 months for the reduction to reflect in your Social Security check after your plan starts.
- Eligibility Restrictions: These benefits are only available through specific Medicare Advantage plans in certain ZIP codes. They are not available for those on Original Medicare, Medigap, or those whose premiums are already paid by Medicaid.
