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Health Care Affordability Act of 2024

S. 5194 Sen. Jeanne Shaheen (D-NH) In committee
Bill text PDF
  1. Introduced Sep 25
  2. Committee Sep 25
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Sep 25, 2024Next: Senate vote
763d ago Sep 25, 2024: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
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Companies lobbying on this bill

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Medical Devices & Healthcare 1
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Summary

This bill amends the Internal Revenue Code to expand eligibility for the refundable premium tax credit for health insurance coverage under a qualified health plan. Sec. 2, Increase in eligibility for credit: The bill removes the current income cap that limits the credit to households with income up to 400 percent of the federal poverty line, so households with income above 400 percent become eligible. It also replaces the existing table of applicable premium percentages with a new table: for income up to 150 percent of poverty, the percentage is 0; from 150 to 200 percent, it slides from 0 to 2.0; from 200 to 250 percent, from 2.0 to 4.0; from 250 to 300 percent, from 4.0 to 6.0; from 300 to 400 percent, from 6.0 to 8.5; and for 400 percent and higher, it is 8.5. Several conforming amendments related to affordability of coverage are made. The changes apply to taxable years beginning after December 31, 2025.

Summary of the bill text as introduced in Senate (Sep 25, 2024), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.