[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3342 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3342

To amend the Internal Revenue Code of 1986 to assist in assuring health 
           coverage for workers over 55 who leave employment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 1996

  Mr. Stark introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to assist in assuring health 
           coverage for workers over 55 who leave employment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONTINUATION OF COVERAGE FOR PERSONS AGED 55 OR OLDER.

    (a) In General.--Section 4980B(f)(2) of the Internal Revenue Code 
of 1986 is amended by adding at the end the following:
                    ``(F) Coverage for persons aged 55 or older.--In 
                the case of a covered employee who has attained the age 
                of 55 before incurring the qualifying event described 
                in paragraph (3)(B), after the period described in 
                subparagraph (B)(i)(I)--
                            ``(i) the coverage extends until the 
                        qualifying event described in paragraph (3)(D) 
                        without regard to subclauses (II) through (V) 
                        of subparagraph (B)(i), and
                            ``(ii) the premium requirements for any 
                        period of continuation of coverage solely by 
                        reason of clause (i) apply by substituting 
                        ``110 percent'' for ``102 percent'' in 
                        subparagraph (C)(i), unless the last sentence 
                        of subparagraph (C) otherwise applies.''
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to plan years beginning after December 31, 1996.
                                 <all>