How Might the Medicare Part B Premium Reduction Work for You?
Medicare Part B is the component of Medicare that covers your preventive care and doctor visits. Outpatient surgery, laboratory work, and medical equipment also fall under the Part B umbrella. Most people pay $1,700/year for standard Part B coverage. However, many carriers offer a Part B premium reduction plan based on your ZIP code and county, also called a Part B “giveback.”.
To qualify for the Medicare Part B giveback, you need to:
- Be on Original Medicare (both Part A & B)
- Live in an area with a Medicare Advantage plan with the Part B giveback
- Switch into one of these Medicare Advantage plans
We can connect you with a licensed Medicare agent who can help you:
- Learn more about the Part B giveback benefit
- See if plans in your area offer the Part B giveback
- Discover if these plans are right for you
- Check when you’ll qualify, either now or during the next Annual Enrollment Period
In addition to learning about the Part B giveback, a licensed agent can also evaluate Medicare coverage options that:
- Cover your medications and have your doctors in-network
- Are more cost-effective or provide a more tailored coverage level than your existing plan
- Provide additional benefits that might be more important to you (such as dental, vision, and drug coverage)
Part B Giveback is based on enrollment in a qualifying Medicare Advantage plan, your ZIP code and income eligibility. Not available in all states.