SMOOTH Payments Act

This bill changes the federal tax law that governs the premium tax credit, which helps people pay for health insurance bought through the health insurance marketplace. Under the bill, people could not use the credit for any plan sold by an insurance company unless that company offers at least one marketplace plan with a specific payment option. That option must let enrollees pay $0 in cost-sharing at the time they get care and instead pay their cost-sharing in capped monthly amounts, similar to a Medicare prescription drug payment method or another method set by the Secretary of Health and Human Services. The change would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Aaron Bean Republican sponsor
• 1 cosponsors