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Information on Federal Health Coverage Tax Credit for TAA and PBGC Recipients

Consumers - Insurance Products

For HCTC rate information, select this link.

Recent Updates:

Several changes and additions were made to the Health Care Tax Credit (HCTC) program in The Trade Adjustment Assistance Health Coverage Improvement Act, which passed as part of the American Recovery and Reinvestment Act of 2009. Some of the changes include: an increase in the monthly credit, an expansion of eligibility for individuals and their families, a credit for newly-enrolled participants for payments paid in 2009 while enrolling in the monthly HCTC program, and an extension of COBRA benefits.

The 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.

There are two eligible groups:

You must apply your tax credit towards the purchase of qualified health insurance coverage!

New York State now has several health insurance products that qualify for the tax credit.  These include:

Additional Resources:

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 (IRS keyword HCTC).

Updated 01/14/2013