H.R.5969 - Prescription Coverage Now Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Doggett, Lloyd [D-TX-25] (Introduced 07/28/2006)|
|Committees:||House - Energy and Commerce; Ways and Means|
|Latest Action:||08/01/2006 Referred to the Subcommittee on Health, for a period to be subsequently determined by the Chairman .|
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Summary: H.R.5969 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (07/28/2006)
Prescription Coverage Now Act of 2006 - Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Service to provide for an expedited process for the qualification for low-income assistance through a request to the Secretary of the Treasury for tax return and other information sufficient to identify: (1) whether the individual involved is likely eligible for subsidies; and (2) the amount of premium and cost-sharing subsidies for which they would qualify based on such information.
Increases the maximum permissible resource level for subsidy eligibility.
Waives the late enrollment penalty for subsidy-eligible individuals for the first 24 months of non-enrollment.