Retirement Freedom Act

Bill: 118-hr-6993
Sponsor: full_name: Rep. Palmer, Gary J. [R-AL-6]
Introduced: 2024-01-12
Policy area: Health
Latest action: action_date: 2024-12-17
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2024-01-12
action_desc: Introduced in House
text: <p><b>Retirement Freedom Act</b></p> <p>This bill allows an individual to opt out of Medicare hospital services benefits without also having to opt out of Old Age, Survivors, and Disability Insurance benefits and without having to repay Medicare hospital services benefits already received. The bill also allows an individual to opt back in with no penalty.</p>

tv_txt: I 118th CONGRESS 2d Session H. R. 6993 IN THE HOUSE OF REPRESENTATIVES January 12, 2024 Mr. Palmer introduced the following bill; which was referred to the Committee on Ways and Means A BILL To allow individuals to choose to opt out of the Medicare part A benefit.

1. Short title This Act may be cited as the Retirement Freedom Act . 2. Allowing individuals to choose to opt out of the Medicare part A benefit Any individual who is otherwise entitled to benefits under part A of title XVIII of the Social Security Act may elect (in such form and manner as may be specified by the Secretary of Health and Human Services) to opt out of such entitlement. Notwithstanding any other provision of law, in the case of an individual who makes such an election, such individual— (1) may (in such form and manner as may be specified by the Secretary) subsequently choose to end such election and opt back into such entitlement (in accordance with a process determined by the Secretary) without being subject to any penalty; (2) shall not be required to opt out of benefits under title II of such Act as a condition for making such election; and (3) shall not be required to repay any amount paid under such part A for items and services furnished prior to making such election.