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US S1307

US S1307
Affordable Health Insurance for the Middle Class Act


summary

Introduced
06/07/2017
In Committee
06/07/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Affordable Health Insurance for the Middle Class Act This bill amends the Internal Revenue Code to modify the eligibility requirements for the premium assistance tax credit, which is provided to eligible individuals and families to subsidize the purchase of health insurance plans on an exchange established under the Patient Protection and Affordable Care Act. The bill expands eligibility for the credit by defining an "applicable taxpayer" as a taxpayer whose household income for the taxable year equals or exceeds 100% of the federal poverty line. (Under current law, household income must equal or exceed 100%, but may not exceed 400% of the poverty line.)

AI Summary

This bill, the Affordable Health Insurance for the Middle Class Act, amends the Internal Revenue Code to modify the eligibility requirements for the premium assistance tax credit. The bill expands the eligibility for the credit by removing the upper limit of 400% of the federal poverty line, allowing individuals and families with household incomes equal to or exceeding 100% of the poverty line to receive the credit. This change is intended to make health insurance more affordable for middle-class Americans.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3330-3331) (on 06/07/2017)

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