0
0
0
Helping Seniors Afford Health Care Act
12/30/2022, 10:48 AM
Summary of Bill HR 5040
Bill 117 HR 5040, also known as the Helping Seniors Afford Health Care Act, aims to address the rising costs of healthcare for senior citizens in the United States. The bill was introduced in the House of Representatives and is currently under consideration.
The main provisions of the bill include:
1. Increasing funding for Medicare and Medicaid programs to ensure that seniors have access to affordable healthcare services. 2. Expanding eligibility for financial assistance programs to help seniors with limited incomes afford their healthcare expenses. 3. Implementing measures to reduce the out-of-pocket costs for prescription drugs and medical treatments for seniors. 4. Providing incentives for healthcare providers to offer discounted services to seniors, especially those living in rural or underserved areas. 5. Establishing a task force to study and recommend additional ways to improve access to affordable healthcare for seniors. Overall, the Helping Seniors Afford Health Care Act aims to address the financial challenges that many senior citizens face when trying to access necessary healthcare services. The bill is currently being reviewed by Congress, and its impact on seniors' access to healthcare will be closely monitored.
The main provisions of the bill include:
1. Increasing funding for Medicare and Medicaid programs to ensure that seniors have access to affordable healthcare services. 2. Expanding eligibility for financial assistance programs to help seniors with limited incomes afford their healthcare expenses. 3. Implementing measures to reduce the out-of-pocket costs for prescription drugs and medical treatments for seniors. 4. Providing incentives for healthcare providers to offer discounted services to seniors, especially those living in rural or underserved areas. 5. Establishing a task force to study and recommend additional ways to improve access to affordable healthcare for seniors. Overall, the Helping Seniors Afford Health Care Act aims to address the financial challenges that many senior citizens face when trying to access necessary healthcare services. The bill is currently being reviewed by Congress, and its impact on seniors' access to healthcare will be closely monitored.
Congressional Summary of HR 5040
Helping Seniors Afford Health Care Act
This bill alters eligibility standards and related processes for several programs that provide premium and cost-sharing assistance to low-income Medicare beneficiaries.
Among other things, the bill expands income eligibility for the Qualified Medicare Beneficiary Program and the Specified Low-Income Medicare Beneficiary Program to up to 135% and 200% of the federal poverty level (FPL), respectively, and provides an enhanced Federal Medical Assistance Percentage (i.e., federal matching rate) to state Medicaid programs for expenditures related to the expansion. The bill also repeals the Qualifying Individual Program (which currently provides premium assistance to beneficiaries with incomes between 120% and 135% of the FPL).
Read the Full Bill
Current Status of Bill HR 5040
Bill HR 5040 is currently in the status of Bill Introduced since August 17, 2021. Bill HR 5040 was introduced during Congress 117 and was introduced to the House on August 17, 2021. Bill HR 5040's most recent activity was Referred to the Subcommittee on Health. as of August 18, 2021
Bipartisan Support of Bill HR 5040
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
8Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5040
Primary Policy Focus
HealthAlternate Title(s) of Bill HR 5040
Helping Seniors Afford Health Care Act
To amend titles XVIII and XIX of the Social Security Act to reduce cost-sharing, align income and resource eligibility tests, simplify enrollment, and provide for other program improvements for low-income Medicare beneficiaries.
Helping Seniors Afford Health Care Act
Comments
Sponsors and Cosponsors of HR 5040
Latest Bills
RED Tape Act
Bill HR 6398April 17, 2026
FENCES Act
Bill HR 6409April 17, 2026
A bill to amend title 23, United States Code, to withhold Federal highway funding from States that issue driver's licenses, commercial driver's licenses, or personal identification cards to individuals without verifying the legal status of those individuals, and for other purposes.
Bill S 4317April 17, 2026
A resolution designating the week of April 13 through April 19, 2026, as "National Osteopathic Medicine Week".
Bill SRES 674April 17, 2026
A resolution supporting the designation of the week of April 11 through April 17, 2026, as "Black Maternal Health Week", founded by Black Mamas Matter Alliance, Inc., to bring national attention to the maternal and reproductive health crisis in the United States and the importance of reducing maternal mortality and morbidity among Black women and birthing people.
Bill SRES 675April 17, 2026
A resolution recognizing and honoring National Mushroom Day and the contributions of Chester and Berks Counties to the national mushroom industry and to healthy diets.
Bill SRES 676April 17, 2026
A resolution expressing the sense of the Sente that the President should prioritize securing the release of Pastor Jin Mingri, Pastor Gao Quanfu and his wife Pang Yu, Dr. Gulshan Abbas, and Jimmy Lai detained by the People's Republic of China during future engagements with Chinese President Xi Jinping.
Bill SRES 677April 17, 2026
A resolution prohibiting the use of funds for travel by Senators to or from their residence during Government shutdowns.
Bill SRES 678April 17, 2026
A resolution recognizing April 14, 2026, as "World Quantum Day", and commemorating and supporting the goals of World Quantum Day.
Bill SRES 679April 17, 2026
Stop Child Care Fraud Act of 2026
Bill HR 7725April 17, 2026
Health Equity and Accountability Act of 2022
Bill S 4486December 29, 2022