Capping Costs for Consumers Act of 2024

This bill amends the Affordable Care Act to increase cost-sharing reductions for lower-income individuals buying health insurance through marketplaces. For plan years beginning before January 1, 2026, it maintains current silver-level coverage cost-sharing (e.g., 73% government coverage for incomes 200-250% of poverty). Starting in 2026, it shifts to gold-level coverage, raising government cost-sharing to 85% for incomes 300-400% of poverty (up from 70% under current rules). It also updates premium tax credits to use gold-level benchmark plans instead of silver-level plans for 2026 and later, directly benefiting moderate-income households purchasing marketplace plans.