Search Results: keywords:"health care affordability act of 2024"

  • S. 5194 — To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
    Status:Introduced in Senate
    Words:640

    The Health Care Affordability Act of 2024 aims to expand eligibility for a tax credit under the Internal Revenue Code for those purchasing health insurance through qualified health plans. It removes the upper limit of 400% of the poverty line for eligibility, allowing...

    Simple Explanation

    The Health Care Affordability Act of 2024 wants to help more people pay for health insurance by letting even those who make more money get a special kind of tax help. Starting in 2026, people will pay different amounts depending on how much money they make, so that everyone can afford to be healthy.

  • H. R. 9774 — To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
    Status:Introduced in House
    Words:572

    The Health Care Affordability Act of 2024 aims to amend the Internal Revenue Code to broaden the eligibility for a refundable credit for health insurance coverage. Specifically, it removes the upper limit on household income for eligibility and adjusts the applicable...

    Simple Explanation

    The Health Care Affordability Act of 2024 wants to make it easier for more people to get money back when they pay for health insurance by removing the rule that only people who earn a certain amount can get help, starting in 2026. This means people with higher incomes could also get some money back to help pay for their health insurance.