Sec. 301. Maintaining 2021 Medicare part B premium and deductible at 2020 levels consistent with actuarially fair rates
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Section 1839(a) of the Social Security Act ( 42 U.S.C. 1395r(a) ) is amended— in the second sentence of paragraph (1), by striking
(5)and
(6)and inserting (5), (6), and
(7); in paragraph (6)(C)— in clause (i), by striking “section 1844(d)(1)” and inserting “subsections (d)(1) and (e)(1) of section 1844”; and in clause (ii), by striking “paragraph (5)” and inserting paragraphs
(5)and
(7); and by adding at the end the following: In applying this part (including subsection
(i)and section 1833(b)), the monthly actuarial rate for enrollees age 65 and over for 2021 shall be the same as the monthly actuarial rate for enrollees age 65 and over for 2020. . Section 1844 of the Social Security Act ( 42 U.S.C. 1395w ) is amended— in subsection (a), by adding at the end the following new sentence: In applying paragraph (1), the amounts transferred under subsection (e)(1) with respect to enrollees described in subparagraphs
(A)and
(B)of such subsection shall be treated as premiums payable and deposited in the Trust Fund under subparagraphs
(A)and (B), respectively, of paragraph (1). ; and by adding at the end the following: For 2021, there shall be transferred from the General Fund to the Trust Fund an amount, as estimated by the Chief Actuary of the Centers for Medicare & Medicaid Services, equal to the reduction in aggregate premiums payable under this part for a month in such year (excluding any changes in amounts collected under section 1839(i)) that are attributable to the application of section 1839(a)(7) with respect to— enrollees age 65 and over; and enrollees under age 65. Such amounts shall be transferred from time to time as appropriate. Premium increases affected under section 1839(a)(6) shall not be taken into account in applying subsection (a). There shall be transferred from the Trust Fund to the General Fund of the Treasury amounts equivalent to the additional premiums payable as a result of the application of section 1839(a)(6), excluding the aggregate payments attributable to the application of section 1839(i)(3)(A)(ii)(II). . Section 1844 of the Social Security Act ( 42 U.S.C. 1395w ), as amended by subsection (b)(2), is amended by adding at the end the following: There shall be transferred from the General Fund of the Treasury to the Trust Fund an amount, as estimated by the Chief Actuary of the Centers for Medicare & Medicaid Services, equal to amounts paid under the advance payment program under section 421.214 of title 42, Code of Federal Regulations (or any successor regulation) during the period beginning on March 28, 2020, and ending on July 9, 2020. There shall be transferred from the Trust Fund to the General Fund of the Treasury amounts equivalent to the sum of— the amounts by which claims have offset (in whole or in part) the amount of such advance payments described in paragraph (1); and the amount of such advance payments that has been repaid (in whole or in part), under the advance payment program under such section 421.214 (or any such successor regulation). Amounts described in paragraphs
(1)and
(2)shall be transferred from time to time as appropriate. . Section 1839(i)(3)(A)(ii) of the Social Security Act ( 42 U.S.C. 1395r(i)(3)(A)(ii) ) is amended by moving the indentation of subclause
(I)two ems to the right.
Connectionstraces to 2
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Sec. 301
Maintaining 2021 Medicare part B premium and deductible at 2020 levels consistent with actuarially fair rates
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