Urges Congress to renew expiring enhanced premium tax credits.

This New Jersey Assembly Resolution (AR 196) urges Congress to renew federal enhanced premium tax credits set to expire at the end of 2025. The credits help nearly 19 million Americans, including over 500,000 New Jersey residents enrolled in Get Covered New Jersey, pay low monthly premiums for health insurance - nearly half currently pay $10 or less per month. Without renewal, the average annual cost for affected individuals in New Jersey would rise by $1,260, with older residents facing increases of $1,860 yearly. The resolution does not change policy but formally requests Congress extend these credits to maintain affordability and prevent increased uninsured rates and strain on healthcare providers.