Puerto Rico Medicare Part B Equity Act of 2011 - Amends title XVIII (Medicare) of the Social Security Act with respect to the enrollment of residents of Puerto Rico under part B (Supplementary Medical Insurance) to: (1) extend to three years the initial enrollment period; and (2) limit the Medicare part B late enrollment penalty.
Directs the Administrator of Social Security to implement a plan to: (1) better inform individuals residing in Puerto Rico who are potential beneficiaries under Medicare part B about their eligibility to enroll and of the consequences of late enrollment; and (2) facilitate the enrollment of those desiring to so enroll.
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