S.Amdt. 2535

1. Adds SEC. __. REQUIRING HIGHER INCOME INDIVIDUALS TO PAY MORE FOR THEIR SHARE OF MEDICARE PART B wherever appropriate

   Adds a section

   Inserted: SEC. __. REQUIRING HIGHER INCOME INDIVIDUALS TO PAY MORE FOR THEIR SHARE OF MEDICARE PART B.

   Inserted: (a) In General.--Section 1839 of the Social Security Act (42 U.S.C. 1395r) is amended by adding at the end the following new subsection:

   Inserted: "(j) Payment of Unsubsidized Part B Premium Amount by Higher Income Individuals.--

   Inserted: "(1) In general.--In the case of an individual whose modified adjusted gross income exceeds the applicable amount described in paragraph (2), the monthly premium determined under subsection (a) for a month after December 2012 shall be equal to the unsubsidized part B premium amount, adjusted as required in accordance with subsections (b), (c), and (f), and to reflect any credit under section 1854(b)(1)(C)(ii)(III).

   Inserted: "(2) Applicable amount described.--

   Inserted: "(A) In general.--For purposes of paragraph (1), subject to subparagraph (C), the applicable amount described in this paragraph is $150,000.

   Inserted: "(B) Joint returns.--In the case of a joint return, subparagraph (A) shall be applied by substituting a dollar amount which is twice the dollar amount otherwise applicable under such subparagraph for the calendar year.

   Inserted: "(C) Inflation adjustment.--In the case of any calendar year beginning after 2013, each dollar amount in this paragraph shall be increased as described in subsection (i)(5).

   Inserted: "(3) Definitions.--In this subsection:

   Inserted: "(A) Modified adjusted gross income.--The term 'modified adjusted gross income' has the meaning given such term in subparagraph (A) of subsection (i)(4), determined for the taxable year applicable under subparagraphs (B) and (C) of such section.

   Inserted: "(B) Unsubsidized part b premium amount.--The term 'unsubsidized part B premium amount' means 200 percent of the monthly actuarial rate for enrollees age 65 and over (as determined under subsection (a)(1) for the year).".

   Inserted: (b) Conforming Amendments.--(1) Section 1839(b) of the Social Security Act (42 U.S.C. 1395r(b)) is amended by inserting ", subject to subsection (j)," before "(without regard" in the first sentence.

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   Inserted: (2) The table in section 1839(i)(3)(C) of the Social Security Act (42 U.S.C. 1395r(i)(3)(C)) is amended--

   Inserted: (A) in the second line--

   Inserted: (i) by striking "but not more than $150,000" and inserting "but not more than the applicable amount described in subsection (j)(2)"; and

   Inserted: (ii) by adding a period at the end; and

   Inserted: (B) by striking the third and fourth lines.

   Inserted: (3) Section 1844 of the Social Security Act (42 U.S.C. 1395w) is amended, in each of subsections (a)(1)(C) and (c), by striking "section 1839(i)" and inserting "subsections (i) and (j) of section 1839".

   Inserted: (c) Effective Date.--The amendments made by this section shall apply to months after December 2012.

   Inserted: SEC. __. REQUIRING HIGHER INCOME INDIVIDUALS TO PAY MORE FOR THEIR SHARE OF MEDICARE PART D.

   Inserted: (a) In General.--Section 1860D-13(a) of the Social Security Act (42 U.S.C. 1395w-113(a)) is amended by adding at the end the following new paragraph:

   Inserted: "(8) Payment of unsubsidized part d premium amount by higher income individuals.--

   Inserted: "(A) In general.--In the case of an individual whose modified adjusted gross income exceeds the applicable amount described in section 1839(j)(2) (including application of subparagraph (C) of such section) for the calendar year, the monthly amount of the beneficiary premium applicable under this section for a month after December 2012 shall be equal to the unsubsidized part D premium amount.

   Inserted: "(B) Definitions.--In this paragraph:

   Inserted: "(i) Modified adjusted gross income.--The term 'modified adjusted gross income' has the meaning given such term in subparagraph (A) of subsection (i)(4), determined for the taxable year applicable under subparagraphs (B) and (C) of such section.

   Inserted: "(ii) Unsubsidized part d premium amount.--The term 'unsubsidized part D premium amount' means the national average monthly bid amount (computed under paragraph (4)) for the month.".

   Inserted: (b) Conforming Amendments.--Section 1860D-13(a)(1) of the Social Security Act (42 U.S.C. 1395w-113(a)(1)) is amended--

   Inserted: (1) in subparagraph (A), by striking "The monthly" and inserting "Except as provided in paragraph (8), the monthly"; and

   Inserted: (2) in subparagraph (G), by inserting "and paragraph (8)" after "and (F)".

   Inserted: (c) Effective Date.--The amendments made by this section shall apply to months after December 2012.

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   Original wording

   At the appropriate place, insert the following:

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As printed