Millions of Americans could be in line for direct payments of up to $1,500 to help cover the cost of healthcare under a new Republican bill.
Healthcare costs for 23 million Americans are set to rise in 2026 with the expiration of ACA’s tax credits. Democrats want to extend the credit for up to three years, while Republicans have offered other ideas.
Senators Mike Crapo and Dr. Bill Cassidy recently unveiled the Health Care Freedom for Patients Act. The act would fund Health Savings Accounts for some Americans.
Who qualifies for the money?
The legislation proposes:
- People with HSAs that have bronze or catastrophic plans under the Health Insurance Marketplace in 2026 and 2027.
- Eligible individuals earning less than 700% of the federal poverty levels would receive $1,000 if aged 18-49.
- People aged 50-64 earning less than 700% of the federal poverty level would receive $1,500.
The bill would also expand plan options by increasing eligibility for catastrophic plans starting Jan. ...
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