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Workers & Retirees

Health Coverage Tax Credit (HCTC)

HCTC is an IRS tax credit for health care insurance premiums, which may apply to certain individuals who are 55–65 years of age and are receiving benefits from PBGC.

The HCTC Program expired January 1, 2014, and is no longer accepting new registrations for the monthly HCTC program.

However, you may still qualify for the Yearly HCTC. If you are not already enrolled, please claim the Yearly HCTC on your 2013 federal income tax return. With the Yearly HCTC, individuals pay for their health insurance premiums in full each month and receive the 72.5% credit as a refund or credit towards year-end taxes by filing Form 8885 with their federal income tax return. The Yearly HCTC will not be available for 2014 or subsequent years.

For more information, you can