Pub. L. 92-603, tit. II, sec. 263

collection of supplementary medical insurance premiums from individuals entitled to both social security and railroad retirement benefits

EnactedYear: 1972Length: 443 wordsOfficial source
collection of supplementary medical insurance premiums from individuals entitled to both social security and railroad retirement benefitsSec. 263. (a) Section 1840(a)(1) of the Social Security Act is amended by striking out “subsection (d)” and inserting in lieu thereof “subsections (b)(1) and (c)”. 86 Stat. 1449 (b) Section 1840(b)(1) of such Act is amended by inserting “(whether or not such individual is also entitled for such month to a monthly insurance benefit under section 202)” after “1937”, and by striking out “subsection (d)” and inserting in lieu thereof “subsection (c)” (c) Section 1840 of such Act is further amended by striking out subsection (c), and by redesignating subsections (d) through (i) as subsections (c) through (h), respectively. (d) (1) Section 1840(e) of such Act (as so redesignated) is amended by striking out “subsection (d)” and inserting in lieu thereof “subsection (c)”. (2) Section 1840(f) of such Act (as so redesignated) is amended by striking out “subsection (d) or (f)” and inserting in lieu thereof “subsection (c) or (e)”. (3) Section 1840(h) of such Act (as so redesignated) is amended by sinking out “(c), (d), and (e)” and inserting in lieu thereof “(c), and (d)”. (4) Section 1841(h) of such Act is amended by striking out “1840(e)” and inserting in lieu thereof “1840(d)”. (5) Section 1842 of such Act is amended by adding at the end thereof the following new subsection: “(g) The Railroad Retirement Board shall, in accordance with such regulations as the Secretary may prescribe, contract with a carrier or carriers to perform the functions set out in this section with respect to individuals entitled to benefits as qualified railroad retirement beneficiaries pursuant to section 226(a) of this Act and section 21(b) of the Railroad Retirement Act of 1937.” (e) Section 1841 of such Act is amended by adding at the end thereof the following new subsection: “(i) The Managing Trustee shall pay from time to time from the Trust Fund such amounts as the Secretary of Health, Education, and Welfare certifies are necessary to pay the costs incurred by the Railroad Retirement Board for services performed pursuant to section 1840(b) (1) and section 1842(g). During each fiscal year or after the close of such fiscal year, the Railroad Retirement Board shall certify to the Secretary the amount of the costs it incurred in performing such services and such certified amount shall be the basis for the amount of such costs certified by the Secretary to the Managing Trustee.” (f) The amendments made by this section with respect to collection of premiums shall apply to premiums becoming due and payable after the fourth month following the month in which this Act is enacted.