This bill helps people lower their health insurance costs by allowing them to include Medicare premiums paid by family members when calculating tax credits. This change can make health insurance more affordable for families with Medicare expenses.
If you have family members paying Medicare premiums, your health insurance tax credit could increase.
Who this affects
Families paying Medicare premiums
What changes is this bill making?
1This bill allows certain Medicare premiums to count when calculating tax credits for health insurance.
2Household members' Medicare premiums can reduce the amount of health insurance tax credit a taxpayer receives.
3The bill defines household members as anyone included in the taxpayer's family size for tax purposes.
4Specified Medicare premiums include those for parts A, B, C, and D, as well as Medicare supplemental policies.
5The changes will take effect for coverage months starting after December 31, 2025.
