One Big Beautiful Bill lets ACA enhanced tax credits expire [View all]

[Shermann]

This issue has been overshadowed a bit by the Medicaid cuts. The ACA premium tax credits will expire this year and won't be extended.

https://www.kff.org/policy-watch/how-will-the-2025-budget-reconciliation-affect-the-aca-medicaid-and-the-uninsured-rate/

I was considering early retirement last year in my mid 50's and the ACA premium tax credits weighed heavily in my decision. I would have been eligible for them had I retired due to my low taxable retirement income. Those tax credits aren't means tested, it's all about your MAGI. So, in a way it would have been gaming the system because I have adequate 401k and Roth 401K savings. I asked my company's benefits plan experts what they thought about Trump extending the credits, and they thought he had no choice but to extend them. I deferred with that opinion and predicted they would expire. Sadly, I was correct. It's back to the salt mine for me.