How will the HCTC Program send us individuals premium payments?
The U.S. Department of the Treasury will send payments on behalf of individuals directly to health plan administrators. The payment will be sent as one Electronic Fund Transfer (EFT) transaction per policy per payment period. Payment is made via an Automated Clearing House credit transaction using a CCD+ format.
The U.S. Department of the Treasury will send payments on behalf of individuals directly to health plan administrators. The payment will be sent as one Electronic Fund Transfer (EFT) transaction per policy per payment period. Payment is made via an Automated Clearing House credit transaction using a CCD+ format. Learn more on the Health Plan Administrators page.
Related Questions
- When do my monthly insurance premium payments begin? Will these payments be deducted directly from my pension check, or do I have to send payment to the Health & Welfare Department?
- If an individual enrolls in the 65% COBRA Premium Reduction Program, would they have the option of switching to the HCTC Program?
- How will the HCTC Program send us individuals premium payments?
