Medicare Fair Share Act of 2013

Bill: 113-s-1198
Sponsor: full_name: Sen. McCaskill, Claire [D-MO]
Introduced: 2013-06-20
Policy area: Health
Subjects: Medicare
Latest action: action_date: 2013-06-20
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-06-20
action_desc: Introduced in Senate
text: <p>Medicare Fair Share Act of 2013 - Amends part B (Supplemental Medical Insurance) of title XVIII (Medicare) of the Social Security Act with respect to adjustments to Medicare parts B and D (Voluntary Prescription Drug Benefit Program) premiums for high income beneficiaries to reduce from $80,000 to $50,000 the threshold amount for 2015 and subsequent years for determining the monthly amount of the premium subsidy (for high-income beneficiaries) applicable to Medicare parts B and D premiums.</p> <p>Requires reduction of the monthly amount of the Medicare parts B and D premium subsidies (and corresponding increase in the monthly premium amount) for individuals whose modified adjusted gross income exceeds the threshold amount by specified applicable percentages for modified adjusted gross incomes in certain ranges starting at $50,000 (40%) and ending at $196,000 (90%).</p> <p>Extends the temporary adjustment to income thresholds from December 31, 2019 through December 31, 2023.</p>

tv_txt: II 113th CONGRESS 1st Session S. 1198 IN THE SENATE OF THE UNITED STATES June 20, 2013 Mrs. McCaskill (for herself and Mr. Coburn ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend title XVIII of the Social Security Act to provide for adjustments to Medicare part B and D premiums for high-income beneficiaries.

1. Short title This Act may be cited as the Medicare Fair Share Act of 2013 . 2. Adjustments to Medicare part B and D premiums for high-income beneficiaries (a) In general Section 1839(i) of the Social Security Act ( 42 U.S.C. 1395r(i) ) is amended— (1) in paragraph (2)(A), by inserting (or, in the case of 2015 or a subsequent year, $50,000) after $80,000 ; and (2) in paragraph (3)— (A) in subparagraph (A)(i)— (i) by inserting applicable before table ; and (ii) by inserting and year after individual ; and (B) in subparagraph (C)(i)— (i) by striking (i) In general .— and inserting (i)(I) For 2007 through 2014 .—For each of 2007 through 2014: ; and (ii) by adding at the end the following new subclause: (II) For 2015 and subsequent years For 2015 or a subsequent year: If the modified adjusted gross income is: The applicable percentage is: More than $50,000 but not more than $85,000 40 More than $85,000 but not more than $107,000 60 More than $107,000 but not more than $160,000 70 More than $160,000 but not more than $196,000 80 More than $196,000 90. . (b) Extension of temporary adjustment to income thresholds (1) In general Section 1839(i)(6) of the Social Security Act ( 42 U.S.C. 1395r(i)(6) ) is amended— (A) in the matter preceding subparagraph (A), by striking December 31, 2019 and inserting December 31, 2023 ; (B) in subparagraph (A), by striking equal to such amount for 2010; and and inserting the following: “equal to— (i) in the case of each of 2011, 2012, 2013, and 2014, such amount for 2010; and (ii) in the case of each of 2015 through 2023, such amount for 2015; and ; and (C) in subparagraph (B), by striking equal to such dollar amounts for 2010. and inserting the following: “equal to— (i) in the case of each of 2011, 2012, 2013, and 2014, such dollar amounts for 2010; and (ii) in the case of each of 2015 through 2023, such dollar amounts for 2015. . (2) Conforming amendment Section 1839(i)(5)(A) of the Social Security Act (42 U.S.C. 1395r(i)(5)(A)) is amended by inserting for such year after paragraph (2) or (3) .