Search Results: keywords:"income brackets"

  • 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.

  • H. R. 10188 — To expand cost-sharing reductions with respect to qualified health plans offered through an Exchange, and for other purposes.
    Status:Introduced in House
    Words:1,265

    H.R. 10188, titled the "Capping Costs for Consumers Act of 2024," aims to increase assistance for individuals purchasing health insurance through an Exchange by expanding cost-sharing reductions. Starting in 2026, it adjusts the eligibility income brackets and increases the percentage of...

    Simple Explanation

    The Capping Costs for Consumers Act of 2024 is a plan to help people pay for health insurance by making it cheaper for some folks and changing the type of insurance plan that helps people get money back. Starting in 2026, it plans to switch from a "silver" plan to a "gold" plan to decide how much help people get, kind of like upgrading from silver to gold medals to make sure everyone's covered better.