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Do any Medicare Advantage plans refund or give back a portion of my Medicare Part B premium?


Yes - but only some plans in certain areas.  Medicare Advantage plans change plan coverage each year, and depending on the estimated cost for each Medicare Advantage plan member, some $0 premium Medicare Advantage plans are able to rebate all or a portion of your Medicare Part B premium ($144.60 in 2020) back to you as part of your monthly Social Security check.

Our Medicare Advantage Plan Finder ( https://MA-Finder.com/33066) shows all Medicare Advantage plans across the country and if you click on the plan name, you can see in the Medicare plan coverage details text such as "Part B premium reduction: Yes"  - this means that the Medicare Advantage plan rebates a portion of the Medicare Part B premium back to the plan Member.

So for instance, if you live in Brevard county, Florida and enroll in the 2020 WellCare Dividend (HMO), you will receive a $40 rebate back from your Medicare Part B premium.

Question:  Where can I see exactly how much of my Part B premium is rebated by my Medicare Advantage plan?

Your plan's documentation.  You can call the Medicare Advantage plan's Member Services department to have a printed copy of the Annual Notice of Change or Summary of Benefits or Evidence of Coverage (EOC) document mailed to you or you can download an electronic copy (PDF) of the documents from the plan's website.

For example, in the "WellCare Dividend (HMO) Annual Notice of Changes for 2020", you can find a chart stating, "Monthly premium (You must also continue to pay your Medicare Part B premium.)" with "$0.00 and WellCare will reduce your Medicare Part B premium by $40.00 each month".

Also in the WellCare Dividend (HMO) Summary of Benefits document you can find "Part B Premium Buy-Down" - "$40.00".  Please note that this example is for the Part B rebate specifically for the WellCare Dividend (HMO) H1032 223003 FL (H1032, Plan 223) - if you have the same WellCare Dividend plan, you may have a different Part B rebate depending on your plan or where you live.

(as reference, see: https://wellcare.com/en/florida/members/medicare-plans-2020/wellcare-dividend-hmo-223-003)

We also have this information online in our Medicare Advantage Plan Finder (https://MA-Finder.com) for any participating Medicare Advantage plan.

Q1Medicare Medicare Advantage Plan Finder showing a Part B Give Back
(You can click here to see a Brevard County, Florida example of the WellCare Dividend Prime (HMO) plan that has a $0 premium, $0 drug deductible, $0 co-pay for Tier 1 generics – and “gives back” $95 of your Medicare Part B premium each month.
 

Question:  Are Medicare Advantage plans that rebate Part B premiums widely available?

They are becoming more popular.  Initially, Medicare Advantage plans offering to return all or a portion of your Medicare Part B premium were found in only somewhat isolated areas of the country and not available in every state across the country.  However, we have seen an upward trend in the Part B "give back" plans over the past years.

Example of annual changes in "Give Back" plans - In 2021, there are 49 states (including Puerto Rico) that offer a Medicare Advantage plan with a Part B premium give backs.  Across the country that amounts to about 9,475 separate counties that include a give back plan.  The Part B give backs are offered by 160 different Medicare Advantage plans  - and range from give back of only $0.10 up to $144.60.  As a comparison, in 2020, 44 states had such "give back" Medicare Advantage plans (adding up to 6,448 separate counties across the country).  The total number of unique 2020 Medicare Advantage plans offering the Part B give back was 128 with the Part B give backs ranging from $10 to $135.50.

Even with the same-named plan, your Part B give back will depend on where you live.  If you do not live in or near a county that has Medicare Advantage plans with Part B premium rebates, you may find that the same named Medicare Advantage plan in another county will rebate a higher Medicare Part B premium amount or offer a lower Part B premium rebate.

For example, if you enroll in the 2021 WellCare Dividend Prime (HMO) as a residents of Brevard County, Florida, you will receive a $95 rebate toward your 2021 Medicare Part B premium (or a Part B premium reduction of $95).  However, if you live further north in St. Johns County, Florida, you will find the same named 2021 WellCare Dividend Prime (HMO), but the Part B "give back" or premium reduction is $90 instead of the $95 as found in Brevard County.


Question:  How long will Social Security need to adjust my Medicare Part B premium with the "give back"?

1-3 months.  It may take your Medicare Advantage plan (and Social Security Administration) a few months to begin the Part B premium rebate.  But after the first Medicare Part B premium rebate payment, then your monthly Social Security checks should then show a regular increase reflecting the monthly Medicare Part B premium ($144.60 in 2020 or whatever premium or portion of premium you paid in that year).

Question:  How will I get my Part B rebate or "give back" if I do not collect Social Security benefits?

Your Medicare Part B refund, give-back, or "Dividend" repayment depends on how your Medicare Part B premium is paid: whether premiums are withheld from your Social Security check or whether you pay Part B premiums directly.  As you may find something noted in your Medicare Advantage plan literature such as:

"For 202[x], [Your Medicare plan] will reduce your monthly Medicare Part B Premium by [$xx.00]. The reduction is set up by Medicare and administered through the Social Security Administration (SSA). Depending on how you pay your Medicare Part B premium, your reduction may be credited to your Social Security check or credited on your Medicare Part B premium statement. Reductions may take several months to be issued; however, you will receive a full credit."
So if you pay your Part B premium directly (not by automatic Social Security check deduction),  you will see that your Part B premium statement has been updated with the rebate or "give back" amount credited to what you owe.

 







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Tips & Disclaimers
  • The Medicare Advantage and Medicare Part D prescription drug plan data on our site comes directly from Medicare and is subject to change.
  • Medicare has neither reviewed nor endorsed the information on our site.
  • We provide our Q1Medicare.com site for educational purposes and strive to present unbiased and accurate information. However, Q1Medicare is not intended as a substitute for your lawyer, doctor, healthcare provider, financial advisor, or pharmacist. For more information on your Medicare coverage, please be sure to seek legal, medical, pharmaceutical, or financial advice from a licensed professional or telephone Medicare at 1-800-633-4227.
  • We are an independent education, research, and technology company. We are not affiliated with any Medicare plan, plan carrier, healthcare provider, or insurance company. We are not compensated for Medicare plan enrollments. We do not sell leads or share your personal information.
  • Benefits, formulary, pharmacy network, provider network, premium and/or co-payments/co-insurance may change on January 1 of each year. Our PDP-Compare.com and MA-Compare.com provide highlights of annual plan benefit changes.
  • The benefit information provided is a brief summary, not a complete description of benefits. For more information contact the plan.
  • Limitations, copayments, and restrictions may apply.
  • We make every effort to show all available Medicare Part D or Medicare Advantage plans in your service area. However, since our data is provided by Medicare, it is possible that this may not be a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.
  • When enrolling in a Medicare Advantage plan, you must continue to pay your Medicare Part B premium.
  • Medicare beneficiaries with higher incomes may be required to pay both a Medicare Part B and Medicare Part D Income Related Monthly Adjustment Amount (IRMAA). Read more on IRMAA.
  • Medicare Advantage plans that include prescription drug coverage (MAPDs) are considered Medicare Part D plans and members with higher incomes may be subject to the Medicare Part D Income Related Monthly Adjustment Amount (IRMAA), just as members in stand-alone Part D plans. In certain situations, you can appeal IRMAA.
  • You must be enrolled in both Medicare Part A and Part B to enroll in a Medicare Advantage plan. Members may enroll in a Medicare Advantage plan only during specific times of the year. Contact the Medicare plan for more information.
  • If you are enrolled in a Medicare plan with Part D prescription drug coverage, you may be eligible for financial Extra Help to assist with the payment of your prescription drug premiums and drug purchases. To see if you qualify for Extra Help, call: 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048, 24 hours a day/ 7 days a week or consult www.medicare.gov; the Social Security Office at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday. TTY users should call, 1-800-325-0778; or your state Medicaid Office.
  • Medicare evaluates plans based on a 5-Star rating system. Star Ratings are calculated each year and may change from one year to the next.
  • A Medicare Advantage Private Fee-for-Service plan (PFFS) is not a Medicare supplement plan. Providers who do not contract with the plan are not required to see you except in an emergency.
  • Disclaimer for Institutional Special Needs Plan (SNP): This plan is available to anyone with Medicare who meets the Skilled Nursing Facility (SNF) level of care and resides in a nursing home.
  • Disclaimer for Dual Eligible (Medicare/Medicaid) Special Needs Plan (SNP): This plan is available to anyone who has both Medical Assistance from the State and Medicare. Premiums, co-pays, co-insurance, and deductibles may vary based on the level of Extra Help you receive. Please contact the plan for further details.
  • Disclaimer for Chronic Condition Special Needs Plan (SNP): This plan is available to anyone with Medicare who has been diagnosed with the plan specific Chronic Condition.
  • Medicare MSA Plans combine a high deductible Medicare Advantage Plan and a trust or custodial savings account (as defined and/or approved by the IRS). The plan deposits money from Medicare into the account. You can use this money to pay for your health care costs, but only Medicare-covered expenses count toward your deductible. The amount deposited is usually less than your deductible amount, so you generally have to pay out-of-pocket before your coverage begins.
  • Medicare MSA Plans do not cover prescription drugs. If you join a Medicare MSA Plan, you can also join any separate (stand-alone) Medicare Part D prescription drug plan
  • There are additional restrictions to join an MSA plan, and enrollment is generally for a full calendar year unless you meet certain exceptions. Those who disenroll during the calendar year will owe a portion of the account deposit back to the plan. Contact the plan provider for additional information.
  • Medicare beneficiaries may enroll through the CMS Medicare Online Enrollment Center located at www.medicare.gov.
  • Medicare beneficiaries can file a complaint with the Centers for Medicare & Medicaid Services by calling 1-800-MEDICARE 24 hours a day/7 days or using the medicare.gov site. Beneficiaries can appoint a representative by submitting CMS Form-1696.