More Americans would get help paying for health insurance by expanding tax credit eligibility.
This bill would make more people eligible for a tax credit that helps pay for health insurance plans. Currently, this help is limited to those earning up to 400% of the poverty line, but this bill would remove that income cap. It would also change how the tax credit is calculated for many people, potentially lowering their health insurance costs.
Today, only taxpayers whose household income does not exceed 400 percent of the poverty line are eligible for the refundable tax credit for health insurance. If this bill becomes law, it would remove this upper income limit, making all taxpayers who purchase qualified health plans eligible for the credit. It would also establish new percentages for calculating the credit, including for those with household incomes above 400 percent of the poverty line, starting for tax years after December 31, 2025.
HR 247 · 119th Congress · January 9, 2025 · AI Summary by gemini-2.5-flash · 8/10
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53 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.