Health Care Insurance Act

[AI summary unavailable — showing source text] Health Care Insurance Act - States it to be the purpose of this Act to make it possible for every individual to obtain comprehensive medical and hospitalization insurance of his choice designed to protect against ordinary and catastrophic expenses of illness regardless of prior medical history and on a guaranteed renewable basis. Creates a new title to the Social Security Act: Title XX: Federal Financing of Voluntary Health Insurance. Establishes for eligible beneficiaries and their dependents a program for the issuance of health insurance certificates of entitlement which shall operate to reduce or eliminate the cost to any individual of protection under a qualified health care insurance policy or plan of his choice. Provides that eligible beneficiaries under this title include: (1) a husband and his wife, both under age 65, living together; and (2) any person, under age 65, other than a married person living with his or her spouse where both are under age 65, who is not a dependent beneficiary. Defines a dependent beneficiary as any child or step-child of an eligible beneficiary who, during the base year of such eligible beneficiary, receives more than 50 percent of his support f…