Many older Americans face losing access to premium assistance for their health coverage next year if Congress fails to extend enhanced Obamacare tax credits.
During the Covid-19 pandemic, Congress passed legislation to make the premium subsidy more generous. It also lifted the income limit of 400% the federal poverty level so more people could have access to assistance. This group pays no more than 8.5% of incomes toward premiums.
The number of people making more than 400% of the federal poverty level who get their plans through the Obamacare exchanges was around 7% in 2025, Centers for Medicare & ...