Expiration of Enhanced Premium Tax Credits Threatens Health Coverage for Utah Small-Business Owners

Approximately half of adults covered by Marketplace health insurance plans are small-business owners or self-employed individuals, with many in Utah relying on enhanced premium tax credits to afford coverage. These tax credits provide essential financial support, enabling patients, including those battling cancer, to access necessary healthcare. The enhanced premium tax credits are set to expire at the end of the year, which could lead to significant premium increases and jeopardize access to affordable insurance for many individuals in Utah.