Senate Legislation Would Extend Tax Credits To Those In Some Employer Plans

Mealey's (June 12, 2015, 8:59 AM EDT) -- WASHINGTON, D.C. — Employees who spend too much of their household income on employer-sponsored health plans would qualify for Patient Protection and Affordable Care Act (ACA) tax credits under legislation introduced June 5, 2014, by Sen. Al Franken, D-Minn.

(Legislation available. Document #93-140625-012L.)

The Family Coverage Act, S.2434, would amend Internal Revenue Code of 1986 and open up ACA credits to families whose employer-sponsored plan was deemed “affordable” and thus could not previously receive tax credits for premiums.

Under S.2434, if the employer’s plan required contributions...
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