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Internal Revenue Code of 1986

The main body of federal tax law in the United States, which outlines how taxes are collected and how tax credits and deductions are applied.

Health care insurance premiums tax credit (Section 36B)

A refundable tax credit designed to help eligible individuals and families afford health insurance purchased through a marketplace, reducing the amount they pay each month for premiums.

Medicare premiums

The monthly payments individuals make to receive health coverage through Medicare, which is the federal health insurance program primarily for people 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Household member

For the purpose of this bill, any individual whose income and expenses are counted when determining a taxpayer's family size for health care tax credit eligibility.

Applicable taxpayer

An individual or family who qualifies to receive the health care insurance premiums tax credit based on their income and other eligibility criteria.

Medicare supplemental policy

Also known as Medigap, these are private health insurance plans that help pay for some health care costs that original Medicare (Parts A and B) doesn't cover, like copayments, coinsurance, and deductibles.