Fairness in Medicare Part B Enrollment Act of 2023

The Fairness in Medicare Part B Enrollment Act of 2023 would eliminate late-enrollment penalties for Medicare beneficiaries living in Puerto Rico who sign up for Part B coverage within five years of becoming eligible. Under current law, most Americans are automatically enrolled in Part B, but residents of Puerto Rico must manually sign up; those who miss the initial deadline typically face a permanent 10% increase in their monthly premiums for every year they delayed enrollment. By creating a five-year grace period, this bill aims to prevent residents of the territory from facing lifelong financial penalties due to the unique manual enrollment requirements they face.