Retirement Freedom Act

II 117TH CONGRESS 1ST SESSION S. 275 To allow individuals to choose to opt out of the Medicare part A benefit. IN THE SENATE OF THE UNITED STATES FEBRUARY 8, 2021 Mr. CRUZ (for himself and Mr. PAUL) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To allow individuals to choose to opt out of the Medicare part A benefit. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Retirement Freedom 4 Act’’. 5 SEC. 2. ALLOWING INDIVIDUALS TO CHOOSE TO OPT OUT 6 OF THE MEDICARE PART A BENEFIT. 7 Any individual who is otherwise entitled to benefits 8 under part A of title XVIII of the Social Security Act may 9 elect (in such form and manner as may be specified by 10 the Secretary of Health and Human Services) to opt out 11 VerDate Sep 11 2014 20:52 Feb 21, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S275.IS S275 pamtmann on DSKBC07HB2PROD with BILLS 2 •S 275 IS of such entitlement. Notwithstanding any other provision 1 of law, in the case of an individual who makes such an 2 election, such individual— 3 (1) may (in such form and manner as may be 4 specified by the Secretary) subsequently choose to 5 end such election and opt back into such entitlement 6 (in accordance with a process determined by the 7 Secretary) without being subject to any penalty; 8 (2) shall not be required to opt out of benefits 9 under title II of such Act as a condition for making 10 such election; and 11 (3) shall not be required to repay any amount 12 paid under such part A for items and services fur- 13 nished prior to making such election. 14 Æ VerDate Sep 11 2014 20:52 Feb 21, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S275.IS S275 pamtmann on DSKBC07HB2PROD with BILLS