Webinars | Apr 18, 2025

Implications of the Enhanced PTC Expiration on the Rate Review Process

On Friday, April 18, State Health and Value Strategies hosted a webinar to discuss the Affordable Care Act (ACA) enhanced premium tax credits (PTCs) which are currently set to expire at the end of 2025, and the implications on states’ rate review process. Enhanced PTCs, implemented as part of the American Rescue Plan Act of 2021 and extended by the Inflation Reduction Act of 2022, are temporary subsidies that make health insurance through the ACA Marketplaces more affordable. The enhanced PTCs are a leading factor in the growth of Marketplace enrollment since 2020, but the enhancements are set to expire at the end of 2025 unless Congress votes to extend them. If the enhancements expire, Marketplace premiums will increase and enrollment could substantially decrease, among other impacts. (For more information, please refer to SHVS’ October 2024 webinar, The Expiration of the PTC Enhancements: State-Specific Impacts.)

During the webinar, experts from Manatt Health brought together state departments of insurance and Marketplace officials to discuss ways to handle this uncertainty in the rate filing season and help states make sure their constituents understand how the loss of enhanced PTCs will impact various groups.