Medicare Advantage Plans 2024 Part B Giveback. A medicare part b giveback, also referred to as a social security giveback, senior giveback program or a part b premium reduction, is a benefit offered by some medicare. Medicare advantage plans, offered through private insurance companies, include parts a and b and often include additional benefits like prescription drug.

Determining which medicare advantage plans offer this benefit can be difficult due to variations in the. Some medicare advantage plans offer a part b premium reduction, also referred to as the part b giveback.