Reviewed by Russell Noga, Licensed Medicare Insurance Broker (all 50 states) — Last updated October 26, 2026
A Part B giveback plan is a Medicare Advantage plan that pays part of your monthly Part B premium for you. The credit usually shows up as a smaller deduction from your Social Security check, but amounts vary by plan and county, and a bigger giveback can come with higher copays or fewer extras.
Every month, most people on Medicare pay a Part B premium. In 2026 the standard amount is $202.90, and the Medicare Trustees project about $209.50 for 2027, with the official figure due from CMS in November. Some Medicare Advantage plans use part of their budget to lower that bill. Insurers call it a Part B giveback, a Part B rebate or, in official terms, a Part B premium reduction.
It sounds like free money, and for some people it is a good deal. But it’s one feature among many. This guide explains how the credit works, who can get it and how to judge whether it’s worth it. For more on how Part B itself works, see our Medicare Part B guide.
✔ Based on CMS 2027 data
✔ Free plan comparison
