Retirement Freedom Act

This bill would let people choose to opt out of Medicare Part A (hospital insurance) without losing Social Security benefits or paying back any past Medicare hospital benefits they already used. If someone opts out, they would be allowed to change their mind later and opt back in with no penalty, following a process set by the government agency in charge .

Key points

• Who is affected: People who qualify for Medicare Part A hospital benefits.
• What changes: They can opt out of Part A, keep Social Security, and return to Part A later without a penalty or repayment of prior hospital benefits .
• When: Would take effect only if this proposal becomes law; details for how to opt out and back in would be set by the Secretary of Health and Human Services.