A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits, and for other purposes.
A bill to amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits, and for other purposes.
Plain Language Summary
# S 3102 Summary **What the Bill Does** This bill would extend temporary improvements to health insurance premium subsidies under the Internal Revenue Code. These "enhanced premium credits" are federal subsidies that help people afford monthly health insurance payments through the Affordable Care Act marketplace. The bill aims to keep these improved subsidies in place beyond their current expiration date. **Who It Affects** The bill primarily affects Americans who buy health insurance through the ACA marketplace and receive federal subsidies to help pay their premiums. These are typically individuals and families with moderate incomes who don't have employer-sponsored insurance.
Extended subsidies would mean lower out-of-pocket costs for these consumers. **Current Status & Key Details** As of now, S 3102 is in committee and has not advanced further in the legislative process. The bill was introduced by Senator Peter Welch (D-Vermont) in the 119th Congress. The specific details about additional provisions ("and for other purposes") are not provided in the available information. For more details on implementation or any other provisions, you would need to review the full bill text.
Latest Action
Read twice and referred to the Committee on Finance.