3.0.0 3710 2019-11-15T21:59:21Z 2019-11-15T21:59:21Z Senate S S 2008-11-20 110 ssfi00 Finance Committee Senate Standing Referred to 2008-11-20T22:12:04Z 2008-11-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-11-20 Introduced in Senate IntroReferral 10000 9 Library of Congress R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2008-11-20 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2008-11-20 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2008-11-20 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2008-11-20 True Health Early retirement Economics and Public Finance Employee health benefits Finance and Financial Sector Government trust funds Health insurance continuation Income tax Insurance premiums Labor and Employment Medically uninsured Medicare Retiree health benefits Social Welfare Tax credits Taxation Health 00 2008-11-20 Introduced in Senate 2008-12-17T22:42:44Z Medicare Early Access Act of 2008 - Amends title XVIII (Medicare) of the Social Security Act to add a new part E (Purchase of Medicare Benefits by Certain Individuals 55 to 65 Years of Age).

Provides access to Medicare benefits for individuals 55 to 64 years of age who do not have coverage under a federal health insurance program or under a group plan.

Requires enrollees to pay a premium to receive Medicare coverage. Requires the Secretary to base the premium on the Secretary's estimate of the average, national annual per capita amount of the cost of providing services to the population.

Allows early retirees with access to retiree coverage to enroll under this part while keeping their federal or state COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) continuation coverage. Allows an employer that offers employment-based retiree health coverage to an individual who enrolls under this part to modify such coverage to provide for: (1) employer payment of items and services for which payment may not be made under Medicare; and (2) employer payment of 25% of the monthly premium applicable to the individual after enrollment.

Creates in the Treasury the Medicare Early Access Trust Fund to hold the premiums collected under this Act and to support the new program.

Amends the Internal Revenue Code to allow program enrollees to receive a 75% advance, refundable credit to offset Medicare early access premium costs (thus requiring program enrollees in the Medicare early access program to be responsible for 25% of the monthly premiums).

]]> Medicare Early Access Act of 2008 Short Titles as Introduced Medicare Early Access Act of 2008 Display Title Medicare Early Access Act of 2008 Official Title as Introduced A bill to amend title XVIII of the Social Security Act and the Employee Retirement Income Security Act of 1974 to provide access to Medicare benefits for individuals ages 55 to 65, to amend the Internal Revenue Code of 1986 to allow a refundable and advanceable credit against income tax for payment of such premiums, and for other purposes. Introduced in Senate 2008-11-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3710is/xml/BILLS-110s3710is.xml 2008-11-20 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.