Us Congress House Bill HB3007

Us Congress 2025-2026 Regular Session

• Introduced: 4/24/25
• Refer: 4/24/25

Caption

Medicare Protection Act of 2025

Impact

The proposed change would have significant implications for the calculation of Medicare premiums for affected individuals. It may encourage more seniors to sell their homes without the fear of incurring higher Medicare costs as a result of those sales. This shift may particularly benefit the elderly who find themselves in financial difficulty but own appreciated assets such as real estate. The bill's intentions could foster a more financially secure environment for seniors, addressing concerns about affordability in healthcare coverage and access to services.

Summary

House Bill 3007, also known as the 'Medicare Protection Act of 2025', aims to amend Title XVIII of the Social Security Act to exclude certain sales of principal residences from the calculations of income-related monthly adjustment amounts (IRMAA) under Medicare. This legislation is designed to provide financial relief to Medicare beneficiaries by not considering income derived from the sale of their primary homes when calculating their Medicare premiums. The intent is to support seniors and vulnerable populations who may need to sell their homes for various reasons, including downsizing or relocating.

Contention

Potential points of contention surrounding HB3007 may arise from concerns about how the exclusion of income from home sales could impact Medicare funding and the overall financial structure of the program. Critics could argue that such exclusions, while beneficial for individuals, may contribute to a long-term financial challenge for Medicare, especially if similar exclusions are implemented widely. Furthermore, discussions may revolve around the necessity of balancing supports for individuals with the sustainability of the program, raising questions about the budgetary implications of the proposed amendments.