The American Rescue Plan Act of 2021 expanded tax benefits to reduce the cost of health insurance premiums. But these benefits are scheduled to expire at the end of 2022. Colorado Democratic Senators Bennet and Hickenlooper have proposed that the advanced premium tax credit (APTC) be made permanent. According to the senators, the APTC helped 14.5 million Americans enroll in affordable marketplace insurance during the last open enrollment period. If the APTC is allowed to expire, it will revert to the Affordable Care Act rules and be limited to taxpayers with adjusted gross incomes ranging from 100% to 400% of the federal poverty level. Learn more: https://bit.ly/3HlVW7H
