To amend title XVIII of the Social Security Act to provide a reduction in the premium assessed against an individual who buys into coverage under part A of the medicare program for quarters of coverage credited to the individual under title II of such Act, and for other purposes.

Amends title XVIII (Medicare) of the Social Security Act (SSA) to provide a reduction in the monthly premium for individuals who buy into coverage under part A (Hospital Insurance) of Medicare for quarters of coverage credited to the individual under SSA title II (Old Age, Survivors and Disability Insurance). Places a limitation on combined premiums of spouses.