1. Short title
This Act may be cited as the “Improving Health Insurance Affordability Act of 2019”.
Improving Health Insurance Affordability Act of 2019
A BILL
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
2. Increase in eligibility for credit
In general— Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking “400 percent” and inserting “800 percent”.
Applicable percentages—
In general— Subparagraph (A) of section 36B(b)(3) of the Internal Revenue Code of 1986 as follows the table headings is amended to read as follows:
“(A) Applicable percentage—The applicable percentage for any taxable year shall be the percentage such that the applicable percentage for any taxpayer whose household income is within an income tier specified in the following table shall increase, on a sliding scale in a linear manner, from the initial premium percentage to the final premium percentage specified in such table for such income tier:”
Conforming amendments relating to affordability of coverage—
Subparagraph (C) of section 36B(c)(2) of such Code is amended by striking clause (iv).
Paragraph (4) of section 36B(c) of such Code is amended by striking subparagraph (F).
Limitation on recapture— Clause (i) of section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended—
by striking “400 percent” and inserting “800 percent”;
by striking the period at the end of the last row of the table; and
by adding at the end of the table the following new rows:
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2019.