Bill · H.R. 2793· House(119-HR-2793)
Retirement Freedom Act
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Gary Palmer
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Retirement Freedom Act," aims to allow people to opt out of Medicare part A benefits. Individuals who are entitled to these benefits can make this choice through a process specified by the Secretary of Health and Human Services. If an individual chooses to opt out, they have the option to opt back into the entitlement later without penalty. The bill also ensures that opting out does not require opting out of benefits under title II of the Social Security Act. Additionally, individuals making this election are not required to repay any amounts previously paid for items and services received under part A.
Who it would affect, and how
Potential Positive Impacts for People
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Flexibility to return to coverage: Individuals who choose to opt out can later choose to opt back into the entitlement without facing any penalties, as stated in Section 2(1).
-
Protection of existing benefits: People who opt out are not required to pay back any money already paid for services or items received under part A prior to their election, as noted in Section 2(3).
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Independence from other benefits: Making the choice to opt out of part A does not force an individual to opt out of benefits under title II of the Social Security Act, according to Section 2(2).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the provided text.
- 4/9/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.