Health Coverage Tax Credit (HCTC)
Health Coverage Tax Credit (HCTC) is a federal program that pays 65% of your
health care premiums if you:
get trade Adjustment Allowance (TRA), orwill get Trade Adjustment Assistance (TAA) benefits
once your unemployment is exhausted, orget benefits under the Alternative Trade Adjustment
Assistance (ATAA) program and you are at least 50 years of age, oryou get benefits from the Pension Benefit Guaranty Corporation (PBGC) and
you are at least 55 years old.
How to Qualify:
Meet one of the conditions above.You must have qualified health insurance, such as COBRA
or individual health insurance you bought at least 30 days before your last day
of work.Register for HCTC with the IRS by mail or phone.Apply for the Bridge Program, which can help you with
your premium while you finish the federal HCTC application process. Click here
for more information and
a Bridge Program applicaiton.
For more information on the Trade Acts, click here.
