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.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)Are Medicare Advantage plans that rebate Part B premiums widely available?No.
Medicare Advantage plans that offer to return all or a portion of your Medicare Part B premium are in somewhat isolated areas and not available in every county across the country. If you do not live in or near Brevard county, Florida, you may find that the same named Medicare Advantage plan in another county will rebate a higher Medicare Part B premium amount or offer no Part B premium rebate at all.
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).