Expiration of the Health Coverage Tax Credit (HCTC)
The legislation that authorizes the Health Coverage Tax Credit (HCTC) expires January 1, 2014, and the tax credit will no longer be available. This page will be updated periodically with important information affecting the HCTC program.
Below is an overview of key changes that will occur as the HCTC expiration date approaches.
As of October 1, 2013, the HCTC Program will no longer accept new registration forms for individuals or qualified family members who wish to be enrolled into the monthly HCTC program. Forms received by October 1 will be processed following current procedures. Be sure to include all of the required supporting documents with each form to ensure timely processing.
If you meet all HCTC eligibility requirements and continue to pay premiums directly to your qualified health plan during 2013, but do not meet the October 1 registration deadline, you can claim the Yearly HCTC by filing Form 8885, Health Coverage Tax Credit, with your 2013 federal income tax return.
Updating Your HCTC Account
Until your last payment is made, please continue to submit Form 13704, Monthly Registration Update, to notify the HCTC Program of any changes to your HCTC account, including: a change in your premium amount, adding or removing a family member from your account, and reactivating an account that has been recently canceled.
Final HCTC Payment Due Date
The final monthly HCTC payment due date is December 24, 2013. However, your November HCTC payment may be your final payment. When you receive your December HCTC invoice:
- If your existing qualified coverage is already paid through December 2013, do not pay your December HCTC invoice.
Prepare for the Expiration of HCTC
Beginning January 1, 2014, you are responsible for your full health insurance premiums. The HCTC Program does not have the authority to transition HCTC participants into any other federal health program.
- Contact your health plan administrator to determine if your account is current; if your existing coverage will still be available in January; and if your plan, without the help of the HCTC, works for you.
- Visit www.HealthCare.gov to explore coverage options available through the Affordable Care Act.
If you currently have a COBRA extension from your former employer, please note those extensions will expire December 31, 2013.
The HCTC Program will continue to share information as we near the expiration of the tax credit.
For general HCTC information or questions regarding your HCTC account, call the HCTC Customer Contact Center toll-free at 1-866-628-HCTC (4282). For those with a hearing impairment, please call 1-866-626-4282 (TTY).
Return to the HCTC Program home page.
For more information, please contact us.