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Health Coverage Tax Credit (HCTC)

Tax Assistance > Health Coverage Tax Credit (HCTC)


Program Description:

HCTC is a tax credit administered by the Internal Revenue Service. The tax credit is equal to 80 percent of the amount paid by an eligible individual for qualified health coverage as specified in Section 35 of the Internal Revenue Code. Monthly payments are made directly to a health plan administrator on behalf of participants, allowing them to receive the benefit on the tax credit at the time of need. To provide health insurance coverage assistance and support related services to eligible TAA-impacted workers and other eligible individuals, as authorized under the Trade Adjustment Assistance Reform Act of 2002 and the expansion of the program in the Trade and Globalization Assistance Act of 2009.


General Program Requirements:

In order to be eligible for this program, you must fall into at least one of the following categories:

  • You are an eligible TAA recipient: an individual who is receiving a trade readjustment allowance (TRA) under the TAA program, or would be eligible for TRA except that you have not exhausted unemployment benefits.
  • You are an eligible alternative TAA recipient: an individual who is receiving benefits under a demonstration program of alternative trade adjustment assistance for older workers under Section 246 of the Trade Act of 1974 (as amended by the Act).
  • You are an eligible Pension Benefit Guaranty Corporation (PBGC) pension recipient: an individual who is 55 years of age or older and is receiving a pension benefit paid in whole or part by the PBGC.





Loan Terms:

Not Applicable


Application Process:

To apply for this program, contact your state's Office of Workforce Security:


Program Contact Information:

For more information, visit:


You may also call:


Managing Agency:

U.S. Department of Labor

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