Short answer
A Medicare Part B Giveback is a benefit offered by some Medicare Advantage plans that reduces part of a member's Part B premium. Medicare calls it a Part B premium reduction. It is not available in every area or with every plan, and you must remain enrolled in Part B and continue paying the portion of the premium that is not reduced.
How does a Part B premium reduction work?
Some Medicare Advantage plans use part of their available funding to help pay all or part of a member's Part B premium. Medicare refers to this as a Medicare Part B premium reduction. The amount is set by the plan and can vary from one plan and county to another.
For 2026, the standard Part B premium is $202.90 per month for most beneficiaries, although higher-income beneficiaries may pay more. A premium reduction can lower the amount you pay, but it does not eliminate the requirement to have Part B. Medicare states that you must have Part B and keep paying your Part B premium to remain in a Medicare Advantage plan.
Start with our Medicare Advantage guide for an overview of how Part C plans work.
For 2026, the standard Part B premium is $202.90 per month for most beneficiaries, although higher-income beneficiaries may pay more. A premium reduction can lower the amount you pay, but it does not eliminate the requirement to have Part B. Medicare states that you must have Part B and keep paying your Part B premium to remain in a Medicare Advantage plan.
Start with our Medicare Advantage guide for an overview of how Part C plans work.
Who can get a Medicare Part B Giveback?
Only members enrolled in a Medicare Advantage plan that offers the benefit can receive a Part B premium reduction. Availability depends on the plan's service area, the plan you choose, and the plan's current benefit design. It is not a standalone Medicare program and it is not an automatic benefit for everyone with Medicare.
Use Medicare's plan comparison tools or a licensed specialist to check plans available for your ZIP code. If you are comparing Florida options, our Florida Medicare Advantage guide and how to choose a Medicare Advantage plan can help you frame the decision.
Use Medicare's plan comparison tools or a licensed specialist to check plans available for your ZIP code. If you are comparing Florida options, our Florida Medicare Advantage guide and how to choose a Medicare Advantage plan can help you frame the decision.
What should I compare besides the Giveback amount?
A Part B premium reduction is only one part of the plan. Before enrolling, compare the provider network, drug formulary, monthly plan premium, medical deductible, copayments, maximum out-of-pocket limit, referrals, prior authorization rules, and the benefits that matter most to you. A larger Giveback amount does not automatically mean a plan is the better overall value.
Compare the tradeoffs with our Original Medicare versus Medicare Advantage guide and Medicare Advantage versus Medigap comparison. Our Medicare costs at a glance page can also help you identify the expenses to compare.
Compare the tradeoffs with our Original Medicare versus Medicare Advantage guide and Medicare Advantage versus Medigap comparison. Our Medicare costs at a glance page can also help you identify the expenses to compare.
Need help with your situation?
Talk through your Medicare options with a licensed specialist.
A short conversation can help you understand the enrollment dates, coverage choices, and plan rules that apply to you. There is no cost for the review.