Biden Includes COBRA Subsidies, ACA Tax Credits In Stimulus Plan

President-elect Joe Biden’s $1.9 trillion COVID-19 relief proposal unveiled Thursday (Jan. 14) calls on Congress to subsidize COBRA coverage through September and to implement one of Biden’s major health agenda items: increasing and expanding the Affordable Care Act’s tax credits. The stimulus plan would expand the generosity of the existing tax credits for people who earn up to 400% of the poverty level. It also would eliminate the subsidy threshold -- often referred to as a “subsidy cliff” -- and...