Skip to main content

About PBGC

PBGC Blog: Retirement Matters

Updated on 10/17/2013

If you get your health care coverage through the Internal Revenue Service's HCTC Program, you should know that the program is in the process of returning to regular operations. For more information, please call the HCTC Customer Contact Center at 1-855-379-0440.

About 11,000 PBGC benefit recipients participate in the Health Care Tax Credit Program, administered by the Internal Revenue Service. If you get your health care through HCTC, please read the following important message from the IRS:

"10/10/13 - Due to the federal government shutdown, the HCTC Program is currently closed and unable to issue payments to Health Plan Administrators on behalf of Monthly HCTC Participants. Although invoices were mailed to Monthly HCTC Participants in October, a timely payment to Health Plan Administrators cannot be guaranteed at this time. Any payment made to the HCTC Program during the shutdown will be processed upon receipt. For anyone who has already paid, or plans to pay, the HCTC Program in October, a payment will be issued to your health plan as soon as the government reopens and the HCTC Program becomes operable. To prevent a lapse in your health coverage, the HCTC Program suggests that you make a 100% payment directly to your health plan administrator in October and then claim the yearly HCTC for that payment when you file your 2013 federal income tax return. We understand the financial hardship facing our HCTC Participants and apologize that we cannot provide greater support at this time."

Please note that PBGC has no further information about the status of HCTC.

Interested in more blog posts like this one? Sign up to receive updates from Retirement Matters.

Related Topics
Categories: About PBGC

Next PostSave the Date: National Save for Retirement Week

Previous PostGotbaum Cheers Actuaries’ Efforts to Promote Lifetime Income