Premium Tax Credit Enhancements to Expire

[Yawgoog]

Neither the House or Senate spending bills extend the enhancements to the premium tax credit for health insurance purchased through the exchanges.  It might be possible, though, for the enhancements to be extended in separate legislation, but time is running out.  The enhancements expire at the end of 2025; on December 1 the exchanges will start sending higher bills for January premiums.

Tax Rule Change Could See Millions Lose Health Insurance
https://www.kiplinger.com/taxes/tax-credits/health-tax-credit-rule-change-could-affect-millions

'beginning in 2026, the rules revert to those that were in place for pre-2021 years, so that only individuals with modified AGI between 100% and 400% of the poverty level will get PTCs. That means that fewer people will qualify for the PTC. Also, the credit amounts for most everyone else who would still qualify for PTCs will be much lower than before, meaning individuals would be paying higher premiums for health insurance.'

[Gregory1776]

I honestly don't know what that means, but I do know that because of healthcare costs my employer isn't offering it, I get taxed 3,000 a year for having no insurance,  were I to lick the boot, the insurance is more expensive than the tax, and if I needed it, $9,000+ deductible. 

to say I'm fusturated is an incredible understatement. 😂