For most people, Medicare starts at 65. A new bill in the U.S. Senate would change that by letting Americans between 50 and 64 buy into the program early.
What the Bill Would Do
The Medicare at 50 Act was introduced by Senator Tammy Baldwin of Wisconsin. Ten other senators have signed on as cosponsors, including Tammy Duckworth of Illinois.
Under the proposal, people ages 50 through 64 could choose to buy Medicare coverage instead of waiting until 65. People who enroll would get the same benefits and protections as Parts A, B, and D. They could also pick a Medicare Advantage plan.
The bill also carries over financial help from the ACA Marketplace. Enrollees who would qualify for premium tax credits and cost sharing subsidies on the Marketplace would get that same help when buying into Medicare.
Why It Is Being Proposed
Supporters say the bill responds to rising health care costs and to concerns voters raised in the recent midterm elections. People in their 50s and early 60s often pay some of the highest premiums in the individual market, and some go without coverage because of the cost. Sponsors say a Medicare option would give this age group another affordable choice.
What It Means Right Now
Nothing changes yet. The bill has only been introduced. It still has to pass both the Senate and the House and be signed into law. No phase in schedule, cost estimate, or funding source has been released publicly, so key details could change as the bill moves forward.
If you are between 50 and 64, your current options are the same: employer group coverage, COBRA, or an individual plan through the Marketplace or directly from a carrier.