SMOOTH Payments Act Simplified Medical Out-of-pocket Obligations...
To amend the Internal Revenue Code of 1986 to limit eligibility for the premium tax credit to individuals enrolled in qualified health plans offered by health insurance issuers that offer at least one qualified health plan which provides the option to make monthly cost-sharing payments, and for other purposes.
The SMOOTH Payments Act, or Simplified Medical Out-of-pocket Obligations Through Hassle-free Payments Act, aims to change the rules for the premium tax credit under the Internal Revenue Code. Specifically, it would limit eligibility for the tax credit to people who are in health plans that offer a way to pay their medical costs monthly. This could help those who struggle with paying high out-of-pocket costs all at once.
This bill would affect people who buy health insurance on their own and receive the premium tax credit. It would make it easier for them to manage their medical expenses by allowing them to pay in smaller, more manageable monthly amounts. This could be particularly beneficial for those with lower incomes or those facing significant medical costs.
HB9455 was introduced on June 25, 2026, and referred to the House Committee on Ways and Means for further review. This is the first step in the legislative process, and the bill has not yet been voted on or advanced.
