A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits.
A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits.
Plain Language Summary
# Summary of S 2824 **What the Bill Does** S 2824 would extend "temporary enhanced premium credits" under the tax code. These credits help people afford health insurance premiums by reducing what they pay out of pocket. The bill aims to continue tax benefits that were set to expire, allowing eligible people to maintain financial assistance for their health coverage costs. **Who It Affects** This bill would primarily benefit individuals and families who purchase health insurance through the marketplace (rather than through an employer) and rely on premium tax credits to make coverage affordable.
It could affect millions of Americans across different income levels who use these subsidies to buy health insurance plans. **Current Status** As of now, S 2824 remains in committee, meaning it has not yet been debated or voted on by the full Senate. The bill was introduced by Senator Lisa Murkowski (R-AK) and is awaiting action by the relevant congressional committee before it can move forward in the legislative process.
Latest Action
Read twice and referred to the Committee on Finance.