HB6490: Medicare Economic Security Solutions Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title XVIII of the Social Security Act to limit the penalty for late enrollment under part B of the Medicare Program to 15 percent and twice the period of no enrollment, and to exclude periods of COBRA, retiree, and VA coverage from such late enrollment penalty.
Plain-language summary
This bill would change Medicare Part B (doctor and outpatient services) penalties for people who sign up late. Currently, Medicare charges a 10 percent penalty for each year someone delays enrollment. The bill caps that penalty at 15 percent total and limits the penalty period to twice the time someone went without coverage. The bill also says people covered by COBRA (temporary workplace coverage after job loss), retiree health plans, or VA benefits should not face these penalties. The bill is currently introduced in Congress with no action yet.
AI-generated summary
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HB6490: Medicare Economic Security Solutions Act
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Sponsors
Katie Porter
Primary SponsorCo-sponsors (14)
Young Kim
Nanette Barragan
Brian Fitzpatrick
Jimmy Panetta
Madeleine Dean