Dec 14, 2020
Dec 14, 2020
Wouldnât it be nice to get back some or all of your Medicare Part B monthly premium? Itâs possible through the Part B premium Give Back, otherwise known as the Part B premium-reduction benefit.
The reduction is administered through the Social Security Administration, and depending on how you pay your Part B premium, the reduction will show as an increase in your Social Security check or a credit on your Part B premium statement. Below is an overview of the Medicare Part B premium Give Back program.
â¢How does the Medicare Part B Give Back program work? The Medicare Part B Give Back program is a feature of Medicare Advantage. Yet very few Medicare Advantage plans offer this benefit and it isnât available in all areas. The Part B Give Back is just like it sounds. You enroll in a Medicare Advantage plan that offers this benefit and the plan pays some or all of the monthly Part B premium.