H.R. 6074: To amend the Internal Revenue Code of 1986 to extend the enhancement of the health care premium tax credit.
The bill, known as H.R. 6074, proposes amendments to the Internal Revenue Code of 1986 aimed at extending the benefits of the health care premium tax credit. Below are the key provisions of the bill:
Extension of Premium Tax Credit Enhancements
The bill extends the enhanced health care premium tax credits from their current expiration date in 2025 to 2028. This means that more individuals and families may be eligible for financial assistance in paying for health care premiums for an additional three years.
Increased Assistance for Higher Income Households
Under the current law, households earning over 400% of the federal poverty line are typically not eligible for premium tax credits. This bill extends eligibility rules for these higher-income households, allowing them to receive tax credits through 2028, which was previously set to expire in 2025.
Effective Date of Changes
The changes stipulated in this bill will take effect for taxable years beginning after December 31, 2025. This means that individuals will start to see these modifications reflected in tax filings and premium assistance starting in the tax year 2026 and onwards.
Implications
Overall, the bill seeks to enhance financial support for health care premiums, aiding more households, particularly those with higher incomes, in affording health insurance over the next few years.
Relevant Companies
- UNH (UnitedHealth Group Incorporated): This company could be directly impacted due to its role in providing health insurance. Changes in tax credit availability may affect enrollment numbers and insurance premium pricing.
- ANTM (Anthem, Inc.): As another major health insurance provider, Anthem may see changes in customer enrollment patterns based on the extended tax credits, which could influence their revenue and market positioning.
- CNC (Centene Corporation): Centene provides programs in the health insurance sector and could be affected by changes in the number of insured individuals as a result of the extended premium tax credits.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Nov. 18, 2025 | Introduced in House |
| Nov. 18, 2025 | Referred to the House Committee on Ways and Means. |
Corporate Lobbying
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