HOPE Act

H.R. 6232, the Bipartisan Healthcare Optimization, Protection, and Extension (HOPE) Act, would extend enhanced premium tax credits under the Affordable Care Act beyond their scheduled December 31, 2025 expiration date. These credits help lower-income and middle-class Americans afford health insurance coverage purchased through the ACA marketplace. Without congressional action, millions of Americans would face significant premium increases starting January 1, 2026. The bill would also modify how the credits are calculated and administered, including requiring health insurance exchanges to notify individuals of their tax credit amounts before enrollment. Additionally, it would extend the annual open enrollment period for 2026 coverage. The legislation is sponsored by Representative Tom Suozzi (D-NY) along with bipartisan cosponsors and currently awaits committee consideration.