Health care coverage: enhanced premium tax credits: health savings accounts.
Fiscal committee
No
Current location
Pending Referral
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This resolution urges Congress to reauthorize enhanced premium tax credits (ePTCs) that help low-income families afford health insurance. It also encourages Congress to explore ways to strengthen health savings accounts (HSAs) for individuals earning up to 700% of the federal poverty line. The resolution recognizes the importance of combining ePTCs with HSAs to provide comprehensive premium assistance.
Key provisions
- Calls upon Congress to reauthorize enhanced premium tax credits (ePTCs).
- Urges Congress to explore bolstering health savings accounts (HSAs) for low-income individuals.
- Specifically targets HSAs for individuals earning up to 700% of the federal poverty line.
- Recognizes the potential of combining ePTCs and HSAs for premium assistance.
Who is affected
- Low-income families
- Individuals eligible for enhanced premium tax credits
- Individuals with high-deductible health plans
- California residents
- Congress
Notable changes
- The resolution addresses the impending expiration of the ePTCs at the end of 2025.
- It proposes expanding HSA contributions for lower-income individuals.
- It suggests a coordinated approach to premium assistance involving both ePTCs and HSAs.
Bill text
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Sponsors
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5 on record
Primary sponsor
Cosponsors
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