Health Coverage Tax Credit

The Health Coverage Tax Credit (HCTC) is a program that helps eligible individuals afford their health insurance premiums by providing a tax credit—reducing the amount they owe on their taxes or increasing their refund. It primarily supports those who lost jobs due to international trade or are receiving Trade Adjustment Assistance. To qualify, individuals must meet specific income and employment criteria. This assistance makes healthcare coverage more affordable for certain workers and retirees, easing financial strain while ensuring access to necessary medical services.