Lowering Medicare Age to 60 and Providing Cost Assistance
This act lowers the Medicare eligibility age from 65 to 60, allowing more individuals access to health insurance. It also establishes a Medicare cost assistance program for low-income individuals to help cover premiums, coinsurance, and deductibles, shifting some benefits from state Medicaid programs to Medicare.
Key points
The eligibility age for the Medicare program is lowered from 65 to 60.
A Medicare cost assistance program is established for low-income individuals (up to 200% of the federal poverty line).
Medicare cost-sharing benefits for eligible individuals will be moved from state Medicaid programs to the new Medicare program.
Public awareness campaigns are planned to inform citizens about available Medicare cost assistance.
The act is set to expire 5 years after its effective date.
Expired
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