Health Coverage Tax Credit (HCTC)
What is it?
The Health Coverage Tax Credit or HCTC is a tax credit administered by the Internal Revenue Service (IRS).
Who is eligible for the HCTC?
Eligible individuals should receive notice and an enrollment kit from the HCTC program. That enrollment kit will include more information about the federal tax credit and instructions as to how to pay for your share of the coverage. Eligible groups include:
- Trade Impacted Workers - Trade Impacted Workers are individuals certified to receive certain Trade Adjustment Assistance (TAA) and Alternative TAA benefits because they have lost their jobs due to the effects of international trade. For general information about eligibility for TAA/ATAA benefits call the New York State Department of Labor, Special Programs Unit at 518-402-0189.
- Pension Benefit Guaranty Corporation (PBGC) Recipients - PBGC Recipients are individuals receiving PBGC pension benefit payments who are 55 years of age or older. This includes individuals receiving benefits from the PBGC as a survivor or beneficiary of a PBGC recipient. Those receiving portion of an ex-spouses benefit from the PBGC can also qualify for the HCTC. For questions about pension benefits through PBGC, call them at 1-800-400-7242.
Resources and Contact Information
To obtain information about enrollment in the federal tax credit call the HCTC program at 1-866-628-HCTC (1-866-628-4282) or visit www.irs.gov (IRS keyword HCTC).