Medicare Home Health Beneficiary Equity and Payment Simplification Act of 1999

Medicare Home Health Beneficiary Equity and Payment Simplification Act of 1999 - Amends title XVIII (Medicare) of the Social Security Act, as amended by the Tax and Trade Relief Extension Act of 1998, to: (1) revise the interim prospective payment system (PPS) for home health services that was enacted under the Balanced Budget Act of 1997; and (2) base the payment rates for such services on the location of the home health agency rather than on the location at which such service is furnished.

Divides patients, and PPS payments, into four categories: (1) post-hospital, short stay beneficiaries ($2,603); (2) medically stable, long-stay beneficiaries ($3,335); (3) medically complex, long-stay beneficiaries ($4,228); and (4) medically unstable and complex, extremely high use beneficiaries ($21,864). Specifies a formula for annual payment updates.

Amends the Balanced Budget Act of 1997 to repeal the 15 percent reduction in Medicare home health reimbursement currently scheduled to go into effect on October 1, 2000.