Breaking the Gridlock Act
This bill extends enhanced federal tax credits for people who buy health insurance through Affordable Care Act marketplaces for three additional years, through 2028. It prevents these temporary discounts from expiring at the end of 2025, keeping monthly premium payments lower for millions of enrollees. The bill also continues to allow households earning more than four times the poverty line to qualify for financial help if their insurance premiums exceed a set percentage of their income.
What this bill touches.
Who it helps · who it burdens.
Who it helps
- ACA health insurance marketplace enrolleesUnder Sec. 1(a), individuals and families who qualify for Affordable Care Act premium tax credits continue to receive enhanced credit amounts through 2028, lowering their out-of-pocket health insurance costs.
- Taxpayers earning over 400 percent of the federal poverty levelUnder Sec. 1(b), taxpayers earning more than 400 percent of the federal poverty line remain eligible to receive premium tax credits to help pay for marketplace health plans through 2028.
The provisions, in plain language.
Extends through 2028 the increased Affordable Care Act premium tax credit amounts, lowering monthly health insurance costs for eligible individuals and families.
Extends through 2028 eligibility for Affordable Care Act health insurance premium tax credits to people with household incomes above 400 percent of the federal poverty level.