Health Care Affordability: Removing Income Caps for Insurance Subsidies.
This law aims to make health insurance more affordable by eliminating the income ceiling (previously 400% of the federal poverty line) for receiving premium tax credits. This means that individuals and families, regardless of how high their income is, can qualify for financial assistance if their health insurance premiums are considered too expensive. The law also reduces the maximum percentage of income citizens must spend on premiums, lowering out-of-pocket costs.
Key points
No Income Cap: Eligibility for health insurance premium tax credits is extended to all income levels, removing the previous 400% FPL limit.
Lower Premium Costs: The maximum percentage of household income citizens must spend on premiums is reduced, particularly benefiting lower and middle-income tiers.
The changes will take effect for taxable years beginning after December 31, 2025.
Expired
Citizen Poll