A friend forwarded me an ad he saw online. The headline read, “Seniors over 65 are getting huge benefits this year. See if you qualify for $144 a month.” How can I get this? he wondered. Another friend asked whether I saw the commercials for the Medicare giveback benefit of up to $144. How could I miss them? I replied. Let’s tackle some questions about the Medicare giveback benefit. What is the giveback benefit? The giveback benefit is officially the Part B premium reduction.