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HR 1255 107th Congress House Health Access to health care Armed Forces and National Security Coinsurance Congress Congressional investigations Congressional reporting requirements Dislocated workers Early retirement Economics and Public Finance Employee health benefits Families Federal employees Finance and Financial Sector Government Operations and Politics Government employees' health insurance Government trust funds Health insurance Health insurance continuation Income tax

Medicare Early Access and Tax Credit Act of 2001

Introduced: March 27, 2001 See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2001
Referred to the Subcommittee on Employer-Employee Relations.
Apr 25, 2001
Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman.
Apr 24, 2001
Referred to the Subcommittee on Health.
Mar 27, 2001
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 27, 2001
Sponsor introductory remarks on measure. (CR E453-454)
Mar 27, 2001
Introduced in House
 Plain-English summary Congressional Research Service
Medicare Early Access and Tax Credit Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to add a new part D (Purchase of Medicare Benefits by Certain Individuals Age 62-to-65 Years of Age) (Medicare buy-in) entitling to the same Medicare benefits as an individual entitled to benefits under Medicare part A (Hospital Insurance) and enrolled under Medicare part B (Supplementary Medical Insurance) an enrolled individual age 62 to 65 who: (1) would be eligible for such benefits if 65; but (2) is not eligible for benefits under a Federal health insurance program or a group health plan (other than merely through a Federal or State COBRA continuation provision) .

Provides for the determination and payment of monthly premiums under the new part D program.

Creates in the Treasury the Medicare Early Access Trust Fund to hold the premiums paid pursuant to this Act. Provides for oversight and accountability concerning the status of the Trust Fund.

Amends SSA title XVIII to provide access to Medicare benefits to displaced workers age 55-to-62 and their spouses.

Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, and the Internal Revenue Code to provide for COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) continuation benefits for certain retired workers who lose retiree health coverage.

Amends the Internal Revenue Code to provide an individual with a tax credit for 50 percent of certain COBRA continuation coverage premiums and Medicare buy-in premiums.

What's happening now June 27, 2001

Referred to the Subcommittee on Employer-Employee Relations.

 Committees of jurisdiction 6
 Cosponsors 9
All 9 Democratic 9