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S 3385

Lower Health Care Costs Act

119th Congress Introduced by Chuck Schumer

Summary of Senate Bill S 3385 Main Purpose and IntentS 3385 is a bill that aims to extend the enhancement of the health care premium tax credit originally established under the Aff

Motion to proceed to consideration of measure made in Senate. (CR S8567)
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Bill Summary · S 3385

Summary of Senate Bill S 3385

Main Purpose and Intent

S 3385 is a bill that aims to extend the enhancement of the health care premium tax credit originally established under the Affordable Care Act. The bill would continue providing increased financial assistance to individuals and families purchasing health insurance through the Affordable Care Act's insurance marketplaces.

Key Provisions

  • Extends the enhanced premium tax credit for an additional 2 years, through the end of 2027
  • Maintains the increased subsidy levels that were temporarily put in place during the COVID-19 pandemic
  • Ensures individuals and families with incomes up to 400% of the federal poverty level can receive premium tax credits to help cover the cost of marketplace health plans

Affected Parties

  • Individuals and families purchasing health insurance through the ACA insurance marketplaces, who would continue to benefit from enhanced premium tax credits
  • Health insurance providers participating in the ACA marketplaces, as the increased subsidies help make coverage more affordable and accessible for consumers

Timeline and Process

  • The bill was introduced in the Senate on January 27, 2025
  • It has been designated as a companion bill to the identical House bill A 1962
  • If enacted, the provisions would take effect starting in the 2026 plan year and extend through the 2027 plan year

Compiled from official sources — confirm details with the bill’s official record.

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