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The Health Coverage Tax Credit (HCTC) is a federal program that pays 72.5% of your health insurance premiums—making health insurance more affordable for you and your family. This credit has already helped thousands of Americans like you save money on health insurance premiums each month.
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Reduce your health insurance premiums each month as they become due. You’ll pay 27.5% of your monthly health insurance premium, we’ll add 72.5%, and then we’ll send the full 100% of the premium to your health plan for you.
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Receive credit for health insurance premiums you’ve paid since you became eligible. You'll make full payments directly to your qualified health plan throughout the year, then claim 72.5% of these premiums on your federal income tax return. |
Begin saving now. Use the checklist to the right to get started.
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To be eligible for the HCTC, you or a family member must be one of the following:
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In addition to the above you must:
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I think I may be eligible for the credit—what should I do next?
PBGC and state unemployment offices provide the HCTC Program with a list of individuals who may be eligible for the tax credit. The HCTC then mails an Eligibility Kit, which includes an HCTC Monthly Registration Form, to those individuals.
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Once you receive an HCTC Eligibility Kit in the mail, complete the HCTC Monthly Registration Form and mail it in as soon as possible.
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Visit www.irs.gov/hctc to learn more about the Program, including how the HCTC works, who is eligible, how to enroll in the Monthly HCTC, and how to claim the Yearly HCTC.
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If you have any further questions or have misplaced your HCTC Eligibility Kit, please call the Customer Contact Center at 1-866-628-HCTC (4282). For those with a hearing impairment, call 1-866-626-4282 (TTY). |
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