Extending and Expanding Health Insurance Tax Credits Until 2030.
This bill extends and significantly expands financial assistance (premium tax credits) used to purchase health insurance through the marketplace. The changes extend the availability of higher subsidies until the end of 2029. Crucially, the income limit for eligibility is raised from 400% to 1000% of the federal poverty level, allowing many more middle and upper-middle-income individuals to reduce their health insurance premium costs.
Key points
Extension of enhanced financial assistance for health insurance premiums until the end of 2029.
The income eligibility threshold for receiving tax credits is dramatically increased from 400% to 1000% of the federal poverty level.
These changes take effect for tax years beginning after December 31, 2025.
Introduced
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