Health Care Affordability Act of 2024
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Summary
This bill amends the Internal Revenue Code to expand eligibility for the refundable tax credit for health insurance coverage under qualified health plans by removing the 400 percent federal poverty level income cap. It establishes a sliding scale of required premium contributions based on household income, ranging from 0 percent for those up to 150 percent of the poverty line to 8.5 percent for those at 400 percent of poverty and above. The changes take effect for taxable years beginning after December 31, 2025.
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How your representatives voted
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