Urges Congress to renew expiring enhanced premium tax credits.

This Assembly Resolution (AR 50) urges Congress to renew enhanced premium tax credits set to expire at the end of 2025. It does not create new law but asks federal lawmakers to extend financial assistance that helps over 19 million Americans afford health insurance, including more than 500,000 New Jersey residents using Get Covered NJ. The resolution notes that without renewal, average annual insurance costs for affected individuals would rise by $1,260, with seniors facing increases up to $1,860 yearly. It emphasizes the credits' role in keeping premiums low (nearly half of New Jersey enrollees pay $10 or less monthly) and preventing a surge in uninsured residents.