H.R. 8840
Fair Care Act of 2026
Sponsor: Bruce Westerman · 0 cosponsors
Official summary
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Text of the bill
I Modernization of health savings accounts
A Modernization of health savings accounts and contributions
B Assistance to health savings accounts
II Improving Private Health Insurance
A Maintaining Protections for Patients with Preexisting Conditions
B Expanding Coverage Options
C Improving Commercial Health Insurance
III Competition, Transparency and Accountability
A Provider and Insurer Competition
B Price Transparency
C Prescription Drug Competition and Innovation
D Prescription Drug and Pharmacy Benefit Manager Transparency
E Medicare and Medicaid Prescription Drug Reforms
F Medical Malpractice Reform
IV Medicare and Medicaid Reforms
A Medicaid Reforms
B Medicare Reforms
(a) Enrollment prohibition
(1) Part B. Section 1836 of the Social Security Act (42 U.S.C. 1395o) is amended by striking the period at the end and inserting , except that an individual who attains age 65 on or after January 1, 2032, and is an individual who, upon attaining such age, has earned $10,000,000 or more in lifetime wages, shall not be eligible to so enroll..
(2) Part D. Section 1860D–1(a)(3)(A) of such Act (42 U.S.C. 1395w–101(a)(3)(A)) is amended by striking the period at the end and inserting , excluding an individual who, upon attaining age 65, has earned $10,000,000 or more in lifetime wages..
(b) Medigap. Section 1882 of the Social Security Act (42 U.S.C. 1395ss) is amended by adding at the end the following new subsection:
(aa) Additional limitation on newly eligible beneficiaries
(1) In general. Notwithstanding any other provision of this section, on or after January 1, 2032, a medicare supplemental policy may not be sold or issued to a targeted newly eligible Medicare beneficiary.
(2) Targeted newly eligible Medicare beneficiary. For purposes of this subsection, the term targeted newly eligible Medicare beneficiary means an individual who, upon attaining the age of 65, has earned $10,000,000 or more in lifetime wages.
C Medicare Choice and Competition
D Telehealth Improvements and Expansion