HEALTH COVERAGE TAX CREDIT

Do you qualify?

HCTC INFORMATION

The Health Coverage Tax Credit (HCTC) Program provides a tax credit through the IRS for participants qualified and enrolled in both the HCTC Program and a “qualified” insurance program.  This 72.5% Subsidy program is administered through the IRS and is available to 2 groups of people and their dependents meeting the eligibility requirement for a limited period of time.  The HCTC program has been authorized to provide this 72.5% subsidy for healthcare to eligible individuals until at least January 01, 2020.

HCTC
ELIGIBILITY

 

You may be eligible to elect the Health Coverage Tax Credit (HCTC) if you are one of the following:

-   An eligible Trade Adjustment Assistance recipient, Alternative TAA recipient or Reemployment TAA recipient.

-  An eligible Pension Benefit Guaranty Corporation payee, or

-  The family member of an eligible TAA, ATAA or RTAA recipient or PBGC payee who meets the qualifications.

 

HCTC
RATES AND PLANS

2018 State Qualified Plans

These are Blue Cross Blue Shield of Michigan (BCBSM) bundled plans that include Medical, Prescription Drug, Dental, and Vision to maximize the benefits for Retirees and Qualified Dependent's eligible for the Health Coverage Tax Credit. 

-  Community Blue PPO HCTC-1

     ($250 Deductible)

       

-  Simple Blue PPO HCTC-2

     ($500 Deductible)

-  Simply Blue HSA HCTC-3

     ($2,000 Deductible)

 

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