summary
Introduced
01/09/2025
01/09/2025
In Committee
01/09/2025
01/09/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
AI Summary
This bill, known as the Health Care Affordability Act of 2025, aims to expand health insurance premium tax credits by modifying the existing Internal Revenue Code. Specifically, the bill removes the current 400% income threshold limitation for receiving premium tax credits, which means individuals and families with higher incomes will now be eligible for financial assistance when purchasing health insurance through qualified health plans. The bill also introduces a revised sliding scale for applicable premium percentages, effectively reducing the percentage of income that individuals must pay for health insurance across different income tiers. For example, those with household incomes up to 150% of the poverty line will continue to pay very low premiums, while those at 400% and higher will now pay a maximum of 8.5% of their income for health insurance coverage. The changes will take effect for taxable years beginning after December 31, 2025, providing a clear timeline for implementation of these more expansive health insurance subsidies.
Committee Categories
Budget and Finance
Sponsors (44)
Jeanne Shaheen (D)*,
Angela Alsobrooks (D),
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Lisa Blunt Rochester (D),
Cory Booker (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
John Fetterman (D),
Ruben Gallego (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Martin Heinrich (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Andy Kim (D),
Angus King (I),
Amy Klobuchar (D),
Ben Ray Luján (D),
Ed Markey (D),
Jeff Merkley (D),
Chris Murphy (D),
Patty Murray (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Brian Schatz (D),
Adam Schiff (D),
Chuck Schumer (D),
Elissa Slotkin (D),
Tina Smith (D),
Chris Van Hollen (D),
Mark Warner (D),
Raphael Warnock (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 01/09/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/46/all-info |
| BillText | https://www.congress.gov/119/bills/s46/BILLS-119s46is.pdf |
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