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A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
9/26/2024, 10:56 AM
Summary of Bill S 5194
Bill 118 s 5194, also known as the "Expand Eligibility for Health Plan Credit Act," aims to make changes to the Internal Revenue Code of 1986 in order to broaden the eligibility criteria for the refundable credit for coverage under a qualified health plan.
The bill proposes to expand the eligibility requirements for individuals to receive the refundable credit, which is designed to help offset the costs of purchasing health insurance. By expanding eligibility, more individuals will be able to access this financial assistance, making it easier for them to afford health coverage.
The specific details of how eligibility will be expanded are not outlined in the summary, but it is clear that the goal of the bill is to make the credit more accessible to a larger number of individuals. This could potentially have a positive impact on increasing the number of people who are able to obtain and maintain health insurance coverage. Overall, the "Expand Eligibility for Health Plan Credit Act" is focused on improving access to affordable health insurance for more Americans by making changes to the current refundable credit system.
The bill proposes to expand the eligibility requirements for individuals to receive the refundable credit, which is designed to help offset the costs of purchasing health insurance. By expanding eligibility, more individuals will be able to access this financial assistance, making it easier for them to afford health coverage.
The specific details of how eligibility will be expanded are not outlined in the summary, but it is clear that the goal of the bill is to make the credit more accessible to a larger number of individuals. This could potentially have a positive impact on increasing the number of people who are able to obtain and maintain health insurance coverage. Overall, the "Expand Eligibility for Health Plan Credit Act" is focused on improving access to affordable health insurance for more Americans by making changes to the current refundable credit system.
Current Status of Bill S 5194
Bill S 5194 is currently in the status of Bill Introduced since September 25, 2024. Bill S 5194 was introduced during Congress 118 and was introduced to the Senate on September 25, 2024. Bill S 5194's most recent activity was Read twice and referred to the Committee on Finance. as of September 25, 2024
Bipartisan Support of Bill S 5194
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
90Democrat Cosponsors
88Republican Cosponsors
0Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill S 5194
Primary Policy Focus
Alternate Title(s) of Bill S 5194
A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
Comments
Sponsors and Cosponsors of S 5194
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