U.S. Reps. Jen Kiggans (R-VA) and Tom Suozzi (D-NY) introduced legislation to extend the enhanced Premium Tax Credit established by the Affordable Care Act.
The enhanced Premium Tax Credit – established by the ACA and extended through the Inflation Reduction Act (IRA) – is set to expire at the end of this year. The Bipartisan Premium Tax Credit Extension Act (H.R. 5145) would extend the tax credits.
“As a nurse practitioner, military spouse, and Mom, I understand firsthand how critical affordable health care is for working families. In Congress, I’ve made it my mission to ensure Virginians—especially our seniors, small business owners, and middle-class families—aren’t blindsided by skyrocketing costs they can’t afford. While the enhanced premium tax credit created during the pandemic was meant to be temporary, we should not let it expire without a plan in place,” Kiggans said.
Because of this premium tax credit, a record 24.2 million people signed up for coverage during open enrollment in 2025. In fact, middle-income enrollees increased from 140,000 in 2021 to 900,000 in 2024. Without this extension, millions of self-employed workers and small business owners will see their premiums increase by more than $11,000 a year.
“New Yorkers, including almost 70,000 of my constituents, rely on the ACA’s enhanced premium tax credits to afford their health insurance,” Suozzi said. “At a time when the cost of living is skyrocketing and Americans are concerned about being able to afford basic necessities, we cannot allow them to face thousands of dollars of health insurance premium increases if these tax credits expire. This is too important to wait until the last second to think about solutions.”
Kiggans said that if the tax credit ends now, a family of four earning $64,000 annually could see their premiums increase by over $2,500 a year. Additionally, a 60-year-old couple earning $82,800 would face nearly $12,000 in higher annual premiums.
“We don’t need permanent pandemic-era policy, but we do need a responsible off-ramp. Letting these subsidies expire without a plan would put health coverage out of reach for millions of families in my community and across the country. This bipartisan, targeted extension will prevent disruption, protect access, and give Congress the time needed to deliver real, lasting reform. I’ve consistently fought for health care solutions that protect patients, respect taxpayers, and bring long-overdue modernization to the system,” Rep. Brian Fitzpatrick (R-PA), one of the bill’s cosponsors.
Other cosponsors include Reps. Jared Golden (D-ME), Jeff Hurd (R-CO), Rob Bresnahan (R-PA), Young Kim (R-CA), David Valadao (R-CA), Carlos Gimenez (R-FL), Tom Kean (R-NJ), Juan Ciscomani (R-AZ), Mike Lawler (R-NY), Don Davis (D-NC), Marie Gluesenkamp Perez (D-WA), and Maria Salazar (R-FL).
“Letting the ACA Enhanced Premium Tax Credits expire would raise costs on Maine families. That’s simply not an option,” Golden said.