Health Coverage Tax Credit FAQ
Who is this for?
The Health Coverage Tax Credit, or HCTC, expired on Jan. 1, 2014. This information will help you if you purchased an HCTC-qualified health plan in 2013 or earlier.
The Health Coverage Tax Credit, or HCTC, was a tax credit given out by the federal government to help eligible individuals and their spouses and dependents pay for health insurance. It expired on Jan. 1, 2014.
You were eligible for the tax credit if you received:
- Trade Adjustment Assistance (TAA) benefits
- Alternative TAA benefits
- Reemployment TAA benefits
- Pension Benefit Guaranty Corporation payment and were at least age 55
The tax credit covered 72.5 percent of your health insurance premium. You could choose to receive the credit monthly, when your premium was due, or annually as a credit on your federal tax return.
HCTC-qualified health plans included:
- State-qualified health care plans
- COBRA health care plans
- Individual health care plans
- Coverage through your spouse’s health care plan
Blue Cross Blue Shield of Michigan was the state-qualified health care plan for the HCTC in Michigan.
2013 Blue Cross Blue Shield of Michigan HCTC plans
Before the tax credit expired, we offered two state-qualified HCTC plans:
- Plan 1 offered Community Blue℠ PPO Medical-Surgical Benefits (PDF) and Blue Preferred® Rx Prescription Drug (PDF) coverage
- Plan 2 offered Blue Value Options℠ PPO Medical-Surgical (PDF) and Blue Preferred® Rx Prescription Drug (PDF) coverage
View the summary of benefits and coverage for each plan:
- HCTC Plan 1 Summary of Benefits and Coverage (PDF)
- HCTC Plan 2 Summary of Benefits and Coverage (PDF)
Our 2013 HCTC plan rates
You can find the 2013 rates for Plan 1 and Plan 2 in the Health Coverage Tax Credit (HCTC) rate sheet (PDF).
To learn more about the HCTC, visit the IRS website or call the IRS HCTC Customer Contact Center at 1-866-628-4282.
You can also call the Blue Cross Blue Shield of Michigan customer service center at 1-888-288-2738.