Bessent unveils plan to limit eligibility for tax credits to Americans
- Treasury Secretary Scott Bessent announced proposed rules to tighten eligibility and verification for Premium Tax Credits that help people purchase health insurance through Affordable Care Act marketplaces.
- Beginning in 2027, the proposal would limit the credits to U.S. citizens, U.S. nationals, and certain lawfully present noncitizens.
- The Treasury Department said the proposal would address improper claims after more than 760,000 unverified marketplace enrollments were removed, with reported savings of about $2.2 billion.
- The proposal is not final and will undergo public comment before officials decide whether to issue final regulations.
13 Articles
13 Articles
Treasury Proposes Tighter Health Tax Credit Checks
The Treasury Department and Internal Revenue Service announced proposed rules this week to tighten eligibility checks for federal health insurance tax credits under President Donald Trump’s Working Families Tax Cuts. Treasury said the proposal targets improper claims for the Premium Tax Credit, which helps eligible taxpayers pay for insurance through Affordable Care Act exchanges. The […]
Treasury Secretary Scott Bessent announced on Wednesday a series of proposals to tighten the access requirements for a tax credit to help Americans cover health costs. The proposal would tighten the verification requirements for the Tax Credit for Premiums (PTC), with the aim of ensuring that such credit is only allocated to Americans. "The rules proposed today apply the common sense reforms approved by Working Families Tax Cuts to close eligibi…
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Bessent Proposes Tougher Eligibility Checks for Obamacare Tax Credits Starting in 2027
The Treasury Department announced proposed regulations aimed at preventing ineligible immigrants from receiving federal health insurance subsidies, with expanded verification requirements scheduled to take effect ... The post Bessent Proposes Tougher Eligibility Checks for Obamacare Tax Credits Starting in 2027 first appeared on [your]NEWS.
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Tennessee StarBessent unveils plan to limit eligibility for tax credits to Americans
The proposal would raise verification requirements for the Premium Tax Credit (PTC), with the aim of ensuring that the credit only goes to Americans.
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