How a Cash Back Plan Gives Your Clients Even MORE

A reduction in premium cost could have your clients seeing more green! 

Is your client healthy and looking for potential savings? Are they trying to plan for the future? Help put money back in their pocket and alleviate the pressure of paying premiums with our Cash Back benefit. 

Studies have shown that higher out-of-pocket spending may lead older adults to postpone care. Timely care is critical to manage chronic illnesses and detect diseases better treated at an earlier stage. What if they could reduce their yearly premium cost by receiving cash back from their plan? 

That's where the Cash Back benefit comes in.

How does it work and how can I determine client eligibility? 

Our Cash Back benefit reduces the amount of your clients’ monthly Medicare Part B premium. You may have also heard this perk referred to as the Give Back benefit or Medicare Part B Premium Reduction. 

Beneficiaries are eligible for Cash Back if: 

1. They’re enrolled in Medicare Parts A and B
2. They pay their own Part B premium, meaning they don’t receive Medicaid or other forms of assistance to pay their Part B premium. 

Members will receive their Cash Back in one of two ways. If they pay their Part B premium through Social Security, the money will be credited back to them on their monthly Social Security check. If they pay their Part B premium directly to Medicare, their monthly payments will be reduced by the Cash Back amount. 

And the best part? Members are free to spend their Cash Back money however they choose. Is your client saving up for a big vacation? Or maybe they simply want to have a little extra money in their pocket for day-to-day expenses. No matter what it is, the Cash Back benefit can help make it happen. 

To further explore the Cash Back benefit and find answers to FAQs about this benefit, visit the Cash Back benefit page or contact your local BAE to learn more.