The bill would change Medicare Part B late-enrollment penalties. It would set the penalty at 15% of the monthly premium for a limited period tied to how long a person went without enrolling. It would also change rules so periods with COBRA, retiree, or qualifying VA coverage can be excluded when determining the penalty. The bill would expand a special enrollment period for people whose COBRA or retiree coverage ends. The changes would generally take effect for premiums or coverage terminations after a 90-day period following enactment.
If you have Medicare Part B or are deciding when to enroll, the bill could change how a late-enrollment penalty is calculated and how long it applies. People with COBRA, retiree, or qualifying VA coverage could have those months treated differently, and people whose COBRA or retiree coverage ends could qualify for a special enrollment period. The bill has not been enacted.
The bill provides no estimates of total costs or savings. It would change the amount and duration of some Part B late-enrollment penalties.
No publicly available information.
No publicly available information.