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US HR4865

US HR4865
To amend the Internal Revenue Code of 1986 to ensure that working families have access to affordable health insurance coverage.


summary

Introduced
06/12/2014
In Committee
06/12/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to ensure that working families have access to affordable health insurance coverage.

AI Summary

This bill, titled the "Family Coverage Act," aims to ensure working families have access to affordable health insurance by amending the Internal Revenue Code of 1986. Specifically, it clarifies the definition of "affordable" for employer-sponsored health insurance plans, which are considered "minimum essential coverage" under Section 36B of the code. The bill establishes that coverage is considered unaffordable if the employee's required contribution for themselves or their family members exceeds 9.5 percent of the applicable taxpayer's household income. This change is intended to expand access to affordable health insurance without requiring further legislative action, and it applies to taxable years beginning after December 31, 2013.

Committee Categories

Budget and Finance

Sponsors (27)

Last Action

Referred to the House Committee on Ways and Means. (on 06/12/2014)

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