The Health Coverage Tax Credit (HCTC) was a tax credit, until its expiration on January 1, 2014, that paid for 72.5 percent of eligible health insurance premium expenses. Individuals eligible for this credit included those people who were also eligible for Trade Adjustment Assistance (TAA) or who were between the ages of 55 and 64 and had pension obligations assumed by the Pension Benefit Guarantee Corporation. Those individuals who utilized the HCTC were prohibited from also using the premium tax credit provided under the ACA.
At differing times since 2002, the authorization of the HCTC has expired and been renewed. The HCTC remains lapsed today.
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