Medicare Part E

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What is Medicare Part E?  Medicare Part E is part of the 116th Congress (2019-2020) H.R. 2463 - Choose Medicare Act Bill.  Rep Don Beyer and Jimmy Gomez, and Brendan Boyle introduced this bill on Friday the 13th, 2021.  This bill creates a new Medicare program available to everyone who is not already eligible to be on Medicare or Medicaid.  

Medicare Part E - Takeaways

  • Opens up Medicare to everyone including employers of all sizes
  • Establishes Maximum-out-of-pocket costs
  • Allows Medicare to negotiate prescription drug prices
  • HHS secretary allowed to block private insurance rates that are deemed excessive
  • No balance billing or surprise bills - same as traditional Medicare
  • Premium tax credits