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On Aug. 16th, President Biden signed the Inflation Reduction Act into law, securing, among other things, a three-year extension on Advanced Premium Tax Credits, or APTCs. The extension of the credits is good for employers and employees across the country, according to Remodel Health, a health benefits software company whose 2022 National Health Benefits Analysis came out this week. According to the analysis, increasing numbers of employees are turning away from group plans and towards individual ACA marketplace offerings, a move that saves both employers and employees money.
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