S.1935: Family Coverage Act

The Family Coverage Act (S. 1935) would extend access to tax credits under the Affordable Care Act (ACA). It would ensure that when determining minimum essential health coverage for employer-sponsored, the plans “affordability” must be determined using the cost of family coverage rather than individual coverage. The bill would also raise the threshold for “affordability” from 9.5% of an employee’s income to 9.86%.