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.
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