Can family members of the eligible individual be covered under the HCTC?
Yes. However, it is important to remember that eligibility for the HCTC tax credit belongs to the person who is getting a benefit from PBGC. The person receiving the PBGC benefit can buy family health insurance coverage for the spouse and children who can be claimed as dependents on the eligible individual’s tax return. When the person receiving the PBGC benefit is no longer eligible for the HCTC tax credit, his or her family members can no longer benefit from the tax credit. For additional information and guidance, call the HCTC Customer Contact Center toll-free at (866) 628-4282, or for TDD/TTY (866) 626-4282. For example, the eligible individual receiving a PBGC benefit is receiving the Advance HCTC tax credit for health insurance coverage for himself and his wife. He turns age 65 on May 5, 2004. On the same date, he becomes eligible for Medicare. His wife is age 61. As of May 1, 2004, he is no longer eligible for either the Advance tax credit or the End-of Year tax credit.
