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. 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 insurance 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 liceIn addition to learning about the Part B giveback, a licensed insurance 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)
You can qualify for Medicare plans during a special enrollment period if you are turning 65, new to Medicare, moving or losing coverage. During the fall Annual Enrollment Period you can join, switch or drop your Medicare plan.
Part B Giveback is based on enrollment in a qualifying Medicare Advantage plan and your ZIP code eligibility. Not available in every county or ZIP code.