The Medicare giveback benefit is a premium reduction that allows qualifying seniors age 65 and older to receive up to $144 in additional Social Security income each month. Although the program has been around since 2003, many people were unaware of it until this year — and given the economic challenges we’ve faced in 2020, it’s no surprise that the giveback benefit is receiving extra attention.
If you’re over the age of 65, you may want to take advantage of the Medicare giveback benefit. This article from Forbes explains the benefit: what it is, how it’s funded, and most importantly, how to determine if you’re eligible.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.
.png?width=300&height=300&name=Untitled%20design%20(34).png)
