Medicare Premiums Reduction Act of 2026
To amend title XVIII of the Social Security Act to adjust the applicability of the income related monthly adjustment amount to premiums under part B of Medicare.
This bill proposes to change how the income-related monthly adjustment amount (IRMAA) applies to Medicare Part B premiums. Medicare Part B covers medical services like doctor visits and outpatient care. IRMAA is an additional charge for Part B premiums that applies based on income levels. The bill aims to adjust this system to ensure that premiums are fair and equitable for all beneficiaries.
The changes would affect people who are enrolled in Medicare Part B and have higher incomes, as they are currently subject to higher IRMAA rates. The bill seeks to make the premium structure more balanced by adjusting the income thresholds and rates at which IRMAA is applied.
HB9709 was introduced on July 15, 2026, and has been referred to the Committee on Energy and Commerce and the Committee on Ways and Means for further review and consideration. The bill is still in its early stages, and additional steps will be taken to determine its future in the legislative process.
