ACA document (Photo: Shutterstock)

The Biden administration on Tuesday finalized a rule intended to fix the so-called family glitch in the Affordable Care Act. The U.S. Treasury Department and the IRS first proposed the fix in April.

“Now, the Treasury Department is finalizing that fix so that the law works the way Congress intended and the cost of coverage comes down for families all over the country,” President Joe Biden says in statement. “Starting next month, Americans can sign up to take advantage of this change. About one million Americans will either gain coverage or see their insurance become more affordable as a result of the new rule.”

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