Finding Medicare Advantage Plans That Pay Part B Premiums

While Original Medicare provides coverage for hospital services (Part A) at no charge for most beneficiaries, it’s not entirely free. Medicare Part B, which covers outpatient care, comes with a monthly premium that varies based on your income. However, some Medicare Advantage plans offer a unique benefit: they may cover all or part of your Part B premium. 

 

Let’s explore what this means and how you can find the right plan for you.
 

What Is the Part B Giveback in Medicare Advantage Plans?

Medicare Advantage (MA) plans, also known as Medicare Part C, are offered by private insurance companies and provide an alternative to Original Medicare. These plans must cover everything Original Medicare does, and many also offer additional benefits like vision, dental, and wellness programs.

One of the lesser-known perks of some Medicare Advantage plans is the Part B giveback, also referred to as a premium reduction or buy-down. With this benefit, the insurance company offering your MA plan actually covers a portion—or in some cases, all—of your Medicare Part B premium. This means that instead of paying the full standard premium (which is $185 per month in 2025 for most beneficiaries), you could pay significantly less.

The Part B giveback can be an excellent way to reduce your out-of-pocket expenses, allowing you to allocate those funds elsewhere. It’s worth noting, though, that not all Medicare Advantage plans offer this benefit, so it’s crucial to know where to look if this is a priority for you.
 

Should You Choose a Plan with Part B Giveback?

The prospect of a reduced Part B premium is certainly appealing, but before choosing a Medicare Advantage plan with a Part B giveback, it’s important to consider whether it’s the best option for your overall healthcare needs.

Start by evaluating the plan's other features and how they align with your healthcare requirements. For example, while a Part B giveback plan might save you money on premiums, it could come with higher co-pays or a more restrictive provider network. Alternatively, the plan might not cover certain services or medications you need.

Consider your current health, the medical services you frequently use, and your budget. A Medicare Advantage plan with a Part B giveback might be an excellent choice if it provides the coverage you need without compromising your access to care.
 

Finding Medicare Plans with Part B Giveback

Finding a Medicare Advantage plan that offers a Part B giveback isn’t as straightforward as you might hope. These plans are not available everywhere, and even where they are offered, the benefits can vary widely. Here’s how to start your search:

• Research Online: Medicare’s Plan Finder tool is a great resource for identifying plans available in your area. Be sure to filter your search to include only plans with the Part B giveback benefit.
• Contact Local Providers: Insurance companies that offer Medicare Advantage plans can provide detailed information about their offerings. Speaking directly with an agent or broker can help you identify which plans include the giveback.
• Consult a Medicare Specialist: Medicare brokers or consultants can offer personalized guidance, helping you find a plan that meets your needs, including one with a Part B giveback.

Remember, the availability of these plans may be limited, so it’s important to act quickly if you find one that suits your needs.
 

Explore Clover Health's Medicare Advantage Plans

As you search for the right Medicare Advantage plan, consider what Clover Health has to offer. Clover Health is committed to providing high-quality, affordable, and easy-to-understand healthcare plans designed with your needs in mind. Our Medicare Advantage plans not only focus on lowering costs but also on enhancing your overall health through comprehensive preventive care. 

Whether you’re looking for a plan with a Part B giveback or one that offers a broad range of supplemental benefits, Clover Health has options tailored to meet your needs. Explore our plans today and find out how Clover Health can help you live a healthier, more fulfilling life.

 

Beyond the Giveback: Considerations When Choosing a Medicare Advantage Plan

While the Part B giveback is a valuable benefit, it’s just one piece of the puzzle when choosing a Medicare Advantage plan. Here are other factors to keep in mind:

• Monthly Plan Premium: Beyond the Part B premium, consider whether the plan has its own monthly premium. Some Medicare Advantage plans have no additional premium, but others may charge one.
• Coverage: Make sure the plan covers all the services you need. This includes doctor visits, hospital stays, prescription drugs, and any other care that is important to you.
• Plan Type: Medicare Advantage plans come in various types, such as Health Maintenance Organizations (HMOs) or Preferred Provider Organizations (PPOs). HMOs typically have lower costs but require you to use a specific network of doctors. PPOs offer more flexibility but might come with higher costs.
• Healthcare Provider Network: Ensure your preferred healthcare providers are within the plan’s network. Out-of-network care can be much more expensive.
• Additional Supplemental Benefits: Look for plans that offer extra benefits like vision, dental, hearing aids, or wellness programs. These can add significant value to your coverage and help make healthcare more affordable overall.

Choosing a Medicare Advantage plan with a Part B giveback can be a great way to lower your healthcare costs, but it’s important to consider the full spectrum of your healthcare needs. By carefully evaluating all the factors involved and researching your options, you can find a plan that not only saves you money but also provides comprehensive coverage that meets your specific needs.

Explore Clover Health’s Medicare Advantage Plans: Take the next step toward a healthier, more secure future by exploring the Medicare Advantage plans offered by Clover Health. With our focus on affordability, quality care, and personalized service, Clover Health is here to help you make the best choice for your healthcare journey.

 

Clover Health is a Preferred Provider Organization (PPO) and a Health Maintenance Organization (HMO) with a Medicare contract. Enrollment in Clover Health depends on contract renewal. Enrollment in a plan may be limited to certain times of the year unless you qualify for a special [election/enrollment] period or you are in your Medicare Initial Election Period.
 

 

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