HEALTH INSURANCE PREMIUM COSTS WILL MORE THAN DOUBLE FOR MILLIONS OF AMERICANS UNLESS CONGRESS ACTS
The following information was released by the
As the federal government nears a shutdown, a central issue in the government funding fight is health care costs. Premium tax credits (PTCs) help lower the cost of comprehensive insurance coverage for more than 20 million people who buy health insurance on their own through the Affordable Care Act marketplaces. However, the enhanced level of financial support that has been in place since 2021 will expire at the end of this year, and
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on Health Policy
Ahead of the annual open enrollment period, which begins
The amount of financial assistance an eligible household receives depends on the premiums for those seeking marketplace coverage and household income. (KFF's interactive calculator offers more precise estimates of the premium tax credit available with and without the enhanced subsidies for a given household composition and geographic location.)
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