Frequently Asked Questions
The IRS will accept a copy of your Form 1099-R issued by PBGC in lieu of the letter of eligibility from PBGC for the year that you are claiming HCTC. Your Form 1099-R serves as proof of PBGC payee status for the HCTC.
If you have a MyPBA account with PBGC, you can log in to your account to view and print your Form 1099-R.
If you don’t have a MyPBA account, call our Customer Contact Center at 1-800-400-7242. Visit our Contact Us page for hours and more info. You can request a copy of Form 1099-R, which will be mailed to you within four business days.
Your Form 1099-R for benefits paid by PBGC in 2020 will be mailed to you through the U.S. Postal Service on February 1, 2021. Please allow time for delivery. Your IRS Form 1099-R will be available to download and print from MyPBA beginning February 2, 2021.
To claim HCTC for the 2020 tax year, file Form 8885, Health Coverage Tax Credit, with your 2020 federal income tax return. For more information, visit the IRS page Claiming the Health Coverage Tax Credit. Please note, PBGC will mail all 2020 Forms 1099-R by February 1, 2021.
If you have a MyPBA account with PBGC, you can log in to your account to view and print your 2020 Form 1099-R on February 2, 2021.