Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds

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The Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds are a group of high-level federal officials responsible for monitoring the financial status of Medicare’s main trust funds and reporting annually to Congress on their solvency and operations.

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Statements (48)

Predicate Object
instanceOf Medicare governance body
United States government entity
federal oversight body
appliesToProgram Medicare
beneficiaryPopulation Medicare beneficiaries in the United States
chairpersonUsually Secretary of the Treasury of the United States
componentOf Medicare governance structure
country United States
establishedFor oversight of Medicare Part A Hospital Insurance Trust Fund
oversight of Medicare Supplementary Medical Insurance Trust Fund for Parts B and D
governanceLevel federal
hasMember Commissioner of Social Security
Secretary of Health and Human Services of the United States
Secretary of Labor of the United States
Secretary of the Treasury of the United States
two public representatives appointed by the President of the United States
jurisdiction federal government of the United States
languageOfWork English
legalBasis Social Security Act
Title XVIII of the Social Security Act
oversees Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund
Medicare Part A trust fund
linked to: Medicare Part A

Medicare Part B trust fund
linked to: Medicare Part B

Medicare Part D trust fund financing
primaryFunction evaluate solvency of Medicare trust funds
monitor the financial status of Medicare trust funds
report annually to Congress on the financial operations of Medicare trust funds
producesDocument Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds
publishes long-range projections of Medicare trust fund finances
short-range projections of Medicare trust fund finances
relatedTo Centers for Medicare & Medicaid Services
Social Security Administration
U.S. Department of Health and Human Services
U.S. Department of Labor
U.S. Department of the Treasury
reportFrequency annually
reportsTo United States Congress
responsibility assess actuarial status of Medicare trust funds
project future costs and revenues of Medicare trust funds
recommend possible legislative changes to ensure Medicare trust fund solvency
review income and expenditures of Medicare trust funds
scope national
sector public sector
subjectArea federal trust funds
health insurance financing
public health insurance
worksWith Office of the Actuary of the Centers for Medicare & Medicaid Services

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Medicare trust funds overseenBy Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds