Making Health Insurance More Affordable for Working Families
This act aims to make health insurance more affordable for working families. It changes how employer-sponsored health coverage is defined as unaffordable, potentially allowing more individuals to qualify for financial assistance with their premiums.
Key points
Expands the definition of unaffordable employer-sponsored health coverage to include family members of an employee.
If the employee's or family's required contribution for a plan exceeds 9.5% of household income, it's not considered "minimum essential coverage," potentially enabling other subsidy eligibility.
These changes apply to tax years beginning after December 31, 2021.
Status:
Expired
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