If you buy health insurance via the federal marketplace, your premiums could increase significantly after 2025 — unless Congress takes action.
"The expiration of the expansion is going to have an impact on just about everyone," said Andrew Lautz, associate director for the Bipartisan Policy Center's economic policy program.makes health insurance purchased via the marketplace more affordable. Participants can use the credit to lower insurance premiums upfront orvia the American Rescue Plan Act during the COVID-19 pandemic.
For example, a typical family of four making $60,000 would see monthly premiums jump from $100 to $326, or about $2,700 more per year. By comparison, the same-sized family earning $125,000, would see monthly premiums rise from $885 to $1,525, which adds about $7,700 annually.