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Changes to Health Care Out-of-Pocket Limits and Premium Tax Credits.

This act modifies how maximum annual out-of-pocket health care costs are determined. It also introduces a new method for updating premium tax credit eligibility, based on average employer-sponsored insurance premiums. The goal is to better align these limits with real changes in health insurance market prices.
Key points
New rules for setting maximum annual out-of-pocket health care expenses.
Changes to how premium tax credits are updated, potentially affecting your financial assistance for health insurance.
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Additional Information
Fair Indexing for Health Care Affordability Act
Print number: S 30
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2021-01-22