Medicare You Can Buy Into Act

To amend title XVIII of the Social Security Act to provide for an option for any citizen or permanent resident of the United States to buy into Medicare. 1. Short title This Act may be cited as the Public Option Act Medicare You Can Buy Into Act 2. Universal Medicare buy-in option (a) In general Part A of title XVIII of the Social Security Act ( 42 U.S.C. 1395c et seq. (1) in section 1818(a) ( 42 U.S.C. 1395i–2(a) or 1818A , 1818A, or 1818B (2) by inserting after section 1818A the following new section: 1818B. Universal buy-in (a) In general Every individual who— (1) is a resident of the United States; (2) is either (A) a citizen or national of the United States, or (B) an alien lawfully admitted for permanent residence; and (3) is not otherwise entitled to benefits under this part or eligible to enroll under this part; shall be eligible to enroll in the insurance program established by this part. An individual may enroll under this section only in such manner and form as may be prescribed in regulations, and only during an enrollment period prescribed in or under this section. (b) Enrollment; coverage The Secretary shall establish enrollment periods and coverage under this section consistent with the principles for establishment of enrollment periods and coverage for individuals under section 1818, except that no entitlement to benefits under this part shall be effective before the first day of the first calendar year beginning after the date of the enactment of this Act. (c) Premiums (1) In general The provisions of subsections (d)(1), (d)(2), and (d)(3) of section 1818 insofar as they apply to premiums (including collection of premiums) shall apply to premiums and collection of premiums under this section, except that— (A) paragraphs (4) and (5) of section 1818 shall not be applicable; and (B) the estimate of the monthly actuarial rate under section 1818(d) shall be computed and applied under this paragraph based upon costs incurred for individuals within each age cohort specified in paragraph (2) rather than for all individuals age 65 and older. (2) Age cohorts The age cohorts specified in this paragraph are as follows: (A) Individuals under 19 years of age. (B) Individuals at least 19 years of age but not more than 25 years of age. (C) Individuals at least 26 years of age and not more than 35 years of age. (D) Individuals at least 36 years of age and not more than 45 years of age. (E) Individuals at least 46 years of age and not more than 55 years of age. (F) Individuals at least 56 years of age and not more than 64 years of age. (d) Treatment An individual enrolled under this part pursuant to this section shall not be treated as enrolled under this part (or any other part of this title) for purposes of obtaining medical assistance for medicare cost-sharing or otherwise under title XIX. (e) Treatment in relation to the affordable care act (1) Satisfaction of individual mandate For purposes of applying section 5000A (2) Eligibility for premium assistance For purposes of applying section 36B .

Summary: Public Option Act or Medicare You Can Buy Into Act - Amends part A of title XVIII (Medicare) of the Social Security Act to authorize an option for any citizen or permanent resident of the United States to buy into Medicare. Declares that such coverage satisfies the requirements of: (1) the Patient Protection and Affordable Care Act that an individual maintain minimum essential coverage (individual mandate), and (2) the Internal Revenue Code for premium assistance eligibility with respect to a qualified health plan offered in the individual market in the health care exchange where the individual resides.