The Inflation Reduction Act (IRA) extends the premium subsidies from the American Rescue Plan Act (ARPA) through which year?

The correct answer indicates that the Inflation Reduction Act (IRA) extends the premium subsidies initially established by the American Rescue Plan Act (ARPA) through the year 2025. This extension is significant as it continues to provide financial assistance to individuals and families purchasing health insurance through the marketplace, ensuring that coverage remains more affordable for a longer period.

The focus on 2025 reflects the ongoing commitment to reduce healthcare costs for those who may struggle to afford insurance premiums. Understanding this extension is crucial for agents and brokers, as it influences how they advise clients regarding their health insurance options and prospective costs in the coming years. It allows for better planning and expectations concerning healthcare expenditures in the individual market.

Other choices do not reflect the period of subsidy extension established by the IRA, making them less relevant in this context.