Page:United States Statutes at Large Volume 79.djvu/346

 306

Post,

PUBLIC LAW 89-97-JULY 30, 1965

p. 308.

[79 STAT.

"(2) The Secretary shall, between July 1 and October 1 of 1967 and of each odd-numbered year thereafter, determine and promulgate the dollar amount which shall be applicable for premiums for months occurring in either of the two succeeding calendar years. Such dollar amount snail be such amount as the Secretary estimates to be necessary so that the aggregate premiums for such two succeeding calendar years will equal one-half of the total of the benefits and admmistrative costs which he estimates will be payable from the Federal Supplementary Medical Insurance Trust Fund for such two succeeding calendar years. I n estimating aggregate benefits payable for any period, the Secretary shall include an appropriate amount for a contingency margin. " (c) In the case of an individual whose coverage period began pursuant to an enrollment after his initial enrollment period (determined pursuant to subsection (c) or (d) of section 1837), the monthly premium determined under subsection (b) shall be increased by 10 percent of the monthly premium so determined for each full 12 months m which he could have been but was not enrolled. For purposes of the preceding sentence, there shall be taken into account (1) the months which elapsed between the close of his initial enrollment period and the close of the enrollment period in which he enrolled, plus (in the case of an individual who enrolls for a second time)(2) the months which elapsed between the date of the termination of his first coverage period and the close of the enrollment period in which he enrolled for the second time. " (d) If any monthly premium determined under the foregoing provisions of this section is not a multiple of 10 cents, such premium shall be rounded to the nearest multiple of 10 cents. ('T

P A Y M E N T OF P R E M I U M S

"SEC. 1840. (a)(1) I n the case of an individual who is entitled to 42 u*sc 40^2 ^* monthly benefits under section 202, his monthly premiums under this part shall (except as provided in subsection (d)) be collected by deducting the amount thereof from the amount of such monthly benefits. Such deduction shall be made in such manner and at such times as the Secretary shall by regulation prescribe. " (2) The Secretary of the Treasury shall, from time to time, trans70 Stat. 819. fer from the Federal Old-Age and Survivors Insurance Trust Fund ^^ "^ ' or the Federal Disability Insurance Trust F u n d to the Federal SupPost. p. 308. plementary Medical Insurance Trust F u n d the aggregate amount deducted under paragraph (1) for the period to which such transfer relates from benefits under section 202 which are payable from such Trust Fund. Such transfer shall be made on the basis of a certification by the Secretary of Health, Education, and Welfare and shall be appropriately adjusted to the extent that prior transfers were too great or too small. miltAcrl^u"'*' " ( ^) (1) I ^ ^^^ ^^'^^ ^f ^^ individual who is entitled to receive for ^n"s. " ^"""^" g month an annuity or pension under the Railroad Retirement Act of " ^ P°^*' pp- 335. 1937, his monthly premiums under this part shall (except as provided in subsection (d)) be collected by deducting the amount thereof from such annuity or pension. Such deduction shall be made in such manner and at such times as the Secretary shall by regulations prescribe. Such regulations shall be prescribed only after consultation with the Railroad Retirement Board. "(2) The Secretary of the Treasury shall, from time to time, trans45 USC 228o.
 * QJ. ffQjn the Railroad Retirement Account to the Federal Supplementary Medical Insurance Trust Fund the aggregate amount

�