Medicare Economic Security Solutions Act

HR 3665, the Medicare Economic Security Solutions Act, modifies Medicare Part B late enrollment penalties. It increases the penalty rate from 10% to 15% of the monthly premium but limits the penalty period to twice the original 12-month intervals. The bill also excludes months with COBRA, retiree, or VA coverage from counting toward the penalty and creates a special enrollment period for people whose COBRA or retiree coverage ends. These changes directly affect Medicare Part B enrollees who had gaps in coverage due to employment transitions or other qualifying circumstances.