Did you know you can receive money back each month from your part B premium?

Question

Tony Hardwick · Accepted Answer

That benefit is called the Part B Giveback or Part B reimbursement. It will return some of the premium to you monthly for whatever you may need it for. It works somewhat like a discount. As an example, if you enroll in a plan with a $150 giveback benefit, it means each month you will receive $150 of your $202 monthly Part B premium returned to you through your SS check

Answered by Tony Hardwick on July 13, 2026

Broker Licensed in GA, AL, AR & 32 other states

Answered by Tony Hardwick Medicare Insurance Agent

Kyle McLaughlin · Answer

In general NO, however, there are certain Medicare Advantage Plans (Part C) that do offer Part "giveback" or "buyback" benefits that refund a portion of your Part B Premium. The amount can range from just a few dollars and sometimes up to the full part B premium. This credit is directly applied as a credit to your monthly Social Security check or Medicare Bill that you receive.

Answered by Kyle McLaughlin on July 14, 2026

Broker Licensed in PA & MD

Answered by Kyle McLaughlin Medicare Insurance Agent

Steve and Sue Brauer · Answer

Hi, my name is Steve and I'm the husband half of the Medicare husband and wife team here in Arizona. Sue is off today.

Someone's asking, well actually making a statement: Did you know that you can receive money back each month on your Part B premium?

Here's the deal with that. It's very attractive. Basically what Medicare Advantage plans are doing, some of them, is they're offering money back each month on your Part B premium, which this year is about $200 a month for your Part B. Plus, if you made a lot of money, then you're going to pay more each month. But there are a lot of these companies offering money back. They can give you $45, $90, some all the way up to like $175, some of them.

Here's the drawback though, and most agents won't tell you this, or they get you all hyped about the money back. If you look at the plan designs for the plans that give you money back, your copays, what you're going to have to pay when you go get services, is really high. I mean, it's really high.

So I'm not saying don't do it, but just be very careful with what you sign up with, because the copays can be double or triple what they are with a standard traditional Medicare Advantage plan.

But it is attractive if you don't use the services and you're really healthy. It's worth looking at. And remember, each year between October 15th and December 7th, and also January, February, March, you can change your Advantage plan. So if you get on one you don't like, you don't have to wait more than a few months usually to get on something that maybe makes more sense for you. So it's worth looking at.

Mandy Scarborough · Answer

Yes, some Medicare Advantage plans or Medicare Savings Programs do have a Part B premium reduction. This can vary widely by plan, county, and individual circumstances. These plans reduce the amount of your Part B premium that is deducted from your Social Security check monthly.

Answered by Mandy Scarborough on July 17, 2026

Broker Licensed in TN, CA & IN

Answered by Mandy Scarborough Medicare Insurance Agent

Kayla Price · Answer

If you have a Medicare Advantage plan called a giveback, you can receive some money back in the form of an increase in your social security check. This is the insurance company paying part of your Part B premium to Social Security on your behalf. This can also happen if you are receiving assistance through the Medicaid program and/or Medicare Savings Program.

Answered by Kayla Price on July 16, 2026

Agent Licensed in NC, FL, GA & 7 other states

Answered by Kayla Price Medicare Insurance Agent

Lindsey Douglas · Answer

This is called a Part B Premium Reduction (or "Giveback" benefit). It's available only with certain Medicare Advantage plans in specific areas, and eligibility varies by plan.

Not everyone qualifies, but if you're curious whether this benefit is available where you live, I'd be happy to review your options.

Kelly Hurt · Answer

Yes some plans do have that as part of a Medicare Advantage Plan. Please mane sure you understand how that benefit works before enrolling into one of those plans. Also, if you have Medicaid and depending on your level you may not qualify for that benefit.

Answered by Kelly Hurt on July 13, 2026

Agent Licensed in IL, AZ, CO & 10 other states

Answered by Kelly Hurt Medicare Insurance Agent

Chad Smith · Answer

Yes, that’s the Medicare Part B Giveback Benefit (also called a Part B premium reduction)! It’s a popular feature offered by many Medicare Advantage (MA) plans, including some Humana options.

Grant Chapman · Answer

Yes, if you qualify for certain Medicare Advantage plans. It also depends on the state you reside in.

Mark Walker · Answer

There are Medicare Advantage plans that offer that option, but there are drawbacks in choosing those plans. Sometimes you are what you paid for & you get what you don’t pay for. So be careful to read all the details.

Answered by Mark Walker on July 14, 2026

Agent Licensed in FL

Answered by Mark Walker Medicare Insurance Agent

Daniel Brechin · Answer

Yes, if you choose, the better companies are refunding.  Your Part B back to you.
Please call me; I have the companies you are looking for.

Danny Brechin 
Contact me.

Did you know you can receive money back each month from your part B premium?

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Did you know you can receive money back each month from your part B premium?

Agents: Share Your Expertise

Seniors: Ask a Question of Your Own

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Medicare Agents HubA non-government resource website

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A non-government resource website