Health Insurance Marketplace Affordability Act of 2020
This bill modifies the refundable tax credit for health care premium assistance to require an age rate adjustment to the applicable percentage used to determine the amount of such credit. The age rate adjustment for any individual shall be determined using a single national age rating curve specified in guidance by the Department of Health and Human Services and shall reflect market patterns in the individual health care market.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6545 Introduced in House (IH)]
<DOC>
116th CONGRESS
2d Session
H. R. 6545
To amend the Internal Revenue Code of 1986 to provide an age rating
adjustment to the applicable percentage used to determine the credit
for coverage under qualified health plans.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 17, 2020
Mrs. Murphy of Florida (for herself, Ms. Shalala, and Mr. Soto)
introduced the following bill; which was referred to the Committee on
Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide an age rating
adjustment to the applicable percentage used to determine the credit
for coverage under qualified health plans.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Health Insurance Marketplace
Affordability Act of 2020''.
SEC. 2. AGE RATING ADJUSTMENT TO APPLICABLE PERCENTAGE USED TO
DETERMINE THE CREDIT FOR COVERAGE UNDER QUALIFIED HEALTH
PLANS.
(a) In General.--Section 36B(b)(3)(A) of the Internal Revenue Code
of 1986 is amended by adding at the end the following new clause:
``(iii) Age rating adjustment.--For
purposes of this subparagraph--
``(I) In general.--The applicable
percentage otherwise determined under
clause (i) shall be multiplied by the
age adjustment value determined under
subclause (II).
``(II) Age adjustment value.--The
age adjustment value for any taxpayer
is the average of the age rate
adjustments for all individuals which
have coverage described in paragraph
(2)(A) with respect to the taxpayer,
divided by the maximum age rate
adjustment allowed under section
2701(a)(1)(A)(iii) of the Public Health
Service Act.
``(III) Age rate adjustment.--The
age rate adjustment for any individual
shall be determined using a single
national age rating curve which shall
be specified in guidance by the
Secretary of Health and Human Services
and shall reflect market patterns in
the individual market in accordance
with section 2701(a)(1)(A)(iii) of the
Public Health Service Act.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date on which the single national
age rating curve referred to in section 36B(b)(3)(A)(iii)(III) of the
Internal Revenue Code of 1986 (as added by this section) is specified
by the Secretary of Health and Human Services.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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