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Health Care Affordability Act 2025: Expanded Tax Credits for Health Coverage

This act aims to make health insurance more accessible by expanding eligibility for tax credits. This means more households, including those with higher incomes, will be able to receive financial assistance to cover health plan costs, potentially lowering their monthly healthcare expenses.
Key points
Expands eligibility for health insurance tax credits to higher-income individuals.
Removes the 400% poverty line income cap for credit qualification.
Introduces a new, sliding scale for credits that adjusts based on household income levels.
Changes take effect for tax years beginning after December 31, 2025.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_247
Sponsor: Rep. Underwood, Lauren [D-IL-14]
Process start date: 2025-01-09