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H.R. 4669

Capping Costs for Consumers Act of 2021

Capping Costs for Consumers Act of 2021

This bill expands and provides funding for assistance to certain individuals who enroll in plans through health insurance exchanges.

Specifically, it increases the premium assistance tax credit by revising, from the second-lowest cost silver plan to the second-lowest cost gold plan, the benchmark plan on which the credit amount is based. The bill also requires individuals to enroll in a gold plan to be eligible for cost-sharing reductions and it extends the reductions to individuals with a higher maximum household income.

These changes apply to plan and tax years beginning on or after January 1, 2023.

Referred to the Subcommittee on Health.

Rep. Schrier, Kim [D-WA-8](D-WA)Sponsor
2 cosponsors2 D
2cosponsors2committees6actions
  1. Committee

    Referred to the Subcommittee on Health.

    Health Subcommittee
  2. Committee

    Referred to the Subcommittee on Health.

    Health Subcommittee
  3. IntroReferralH11100

    Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Ways and Means Committee
  4. IntroReferralH11100

    Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Energy and Commerce Committee
  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

Capping Costs for Consumers Act of 2021 — Informed