The giveback benefit can put money back in your pocket each month. Here is how the Part B premium reduction works.
How the giveback benefit works
The giveback benefit, officially the Part B premium reduction, is offered by some Medicare Advantage plans that agree to pay a portion of your monthly Part B premium back to you. Because most people have their $185 (2026) Part B premium deducted from Social Security, a giveback reduces that deduction, effectively raising your monthly check. Amounts range from a few dollars to the full premium, depending on the plan and your area. Not all plans offer it, and where they do, the giveback is one feature among many to weigh. To find out whether a giveback plan is available in your ZIP code, call 1-800-MEDIGAP (1-800-633-4427).
Should you choose a plan for the giveback?
A giveback can be valuable, but don't pick a plan for the giveback alone. A plan offering a large Part B reduction might have a narrower network, fewer extra benefits, or higher copays that outweigh the savings. Always compare the whole package: confirm your doctors and drugs are covered, check the out-of-pocket maximum and star rating, then factor in the giveback as a bonus. Used wisely, a giveback plan that also fits your care needs is a great value. A licensed advisor at 1-800-MEDIGAP can show you which local giveback plans actually make sense for your situation, free of charge.