The SMOOTH Payments Act modifies the Internal Revenue Code to restrict premium tax credit eligibility to those in qualified health plans offering.
The SMOOTH Payments Act amends the Internal Revenue Code to limit eligibility for the premium tax credit to individuals enrolled in qualified health plans provided by health insurance issuers. These plans must offer at least one option for enrollees to make monthly cost-sharing payments. The changes apply to taxable years beginning after December 31, 2026.
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