Understanding how the enhanced premium tax credits impact consumers

Over 24 million Americans — including older adults, small business owners, rural communities, and low- and middle-income adults — purchase coverage on their own through the health insurance marketplaces. Since enhanced premium tax credits were enacted in 2021, these individuals ­have come to rely on the tax credits to purchase affordable coverage.

The examples below illustrate how individuals and families have benefitted from the enhanced premium tax credits and how they may be impacted if the tax credits expire.