With Enhanced Premium Tax Credits set to expire at the end of 2025, customer affordability is a huge focus for consumers. The enhanced premium tax credits were first enacted by the American Rescue Plan in 2021 and then were extended by the Inflation Reduction Act in 2022 but without congressional action, millions could see premiums increase by hundreds of dollars. Beginning November 1, customers will likely see an increase in plan premiums on Pennie.com for the 2025 plan year. While the PA Department of Insurance approved rates, some counties will see increased competition and changes to the second lowest-cost silver plan which is used along with income and family size to calculate a household’s premium tax credit. In this article, Pennie Executive Director, Devon Trolley, speaks on affordability and highlights the potential savings available to customers as nine in 10 people receive financial savings to assist with premiums and lowering the cost of copay and deductibles.
