To amend the Internal Revenue Code of 1986 to take certain Medicare premiums of household members into account in determining the health care insurance premiums tax credit.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7017 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7017

  To amend the Internal Revenue Code of 1986 to take certain Medicare 
 premiums of household members into account in determining the health 
                  care insurance premiums tax credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 17, 2024

Mr. Levin (for himself and Ms. Sanchez) 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 take certain Medicare 
 premiums of household members into account in determining the health 
                  care insurance premiums tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CERTAIN MEDICARE PREMIUMS OF HOUSEHOLD MEMBERS TAKEN INTO 
              ACCOUNT IN DETERMINING HEALTH CARE INSURANCE PREMIUMS TAX 
              CREDIT.

    (a) In General.--Section 36B(b) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
            ``(4) Adjustment for certain medicare premiums of household 
        members.--
                    ``(A) In general.--In the case of any applicable 
                taxpayer who elects (at such time and in such manner as 
                the Secretary may provide) the application of this 
                paragraph with respect to any coverage month, the 
                amount determined under paragraph (2)(B)(ii) with 
                respect to such coverage month shall be reduced (but 
                not below zero) by the aggregate amount of specified 
                Medicare premiums of such applicable taxpayer's 
                household members for such month.
                    ``(B) Household members.--For purposes of this 
                paragraph, the term `household member' means, with 
                respect to any applicable taxpayer, any individual who 
                is taken into account in determining the family size of 
                such applicable taxpayer under subsection (d)(1).
                    ``(C) Specified medicare premiums.--For purposes of 
                this paragraph, the term `specified Medicare premiums' 
                means premiums paid by the applicable taxpayer or such 
                taxpayer's household members (and not reimbursed by any 
                other person) for coverage under part A, B, C, or D of 
                title XVIII of the Social Security Act, and premiums 
                for coverage under a Medicare supplemental policy under 
                section 1882 of such Act.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to coverage months beginning after December 31, 2024.
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