H.R. 6016: Keep Healthcare Affordable Act
This bill, titled the "Keep Healthcare Affordable Act," seeks to modify certain provisions related to the premium tax credit under the Internal Revenue Code. The main objectives of the bill include:
Extension of Premium Tax Credit
The bill extends the enhanced premium tax credit provisions that currently exist. This extension will allow for premium assistance to be available until January 1, 2030, rather than expiring at the end of 2025 as originally planned. This change affects:
- Low-income individuals and families eligible for health insurance subsidies to help reduce the cost of premiums for health insurance purchased through health exchanges.
Modification of Income Thresholds
Additionally, the bill modifies the rules regarding eligibility based on household income. Under the current regulations, the premium tax credit applies to individuals and families whose household income does not exceed 400% of the federal poverty level. With this bill:
- This income threshold is increased to allow individuals and families with a household income of up to 1000% of the federal poverty level to be eligible for premium assistance.
- These changes will take effect for taxable years beginning after December 31, 2025.
Implementation Timeline
The changes proposed in the bill are set to take effect beginning in 2026, aligning with the extended period of eligibility for the premium tax credits through to 2029.
Overall Impact
The intent behind the bill is to ensure that a larger number of individuals and families have access to affordable healthcare by providing enhanced premium tax credits, thus making health insurance more accessible to a wider demographic, particularly those with higher incomes who previously may not have qualified for assistance.
Relevant Companies
- UNH (UnitedHealth Group Incorporated) - A leading health insurer that may see changes in demand for health insurance plans as subsidies allow more consumers access to insurance coverage.
- ANTM (Anthem, Inc.) - Another major health insurance provider that could be impacted by an increase in customers due to the expanded subsidies for health insurance premiums.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
4 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Nov. 10, 2025 | Introduced in House |
| Nov. 10, 2025 | Referred to the House Committee on Ways and Means. |
Corporate Lobbying
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