Insurance - HL 195 (2)

HCTC Extension?  As forecasted here, it didn’t happen! Subsidy now expired.

Latest News

·         Tax Credit Expiration: The legislation that authorized the Health Coverage Tax Credit (HCTC)  has expired. The tax credit is not available for tax years after 2013.

 

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Tim Forrester

Email   timandnan@aol.com

Issue Area - Insurance

Comments - I am a VEBA participant and used the HCTC to help pay my premiums for the last couple of years. In anticipation of the HCTC cancellation on Jan. 1st, I enrolled in the Delta High Value option and Delta sent me a letter stating that I could cancel my Delta insurance at any time if I was able to find more affordable insurance through the exchanges. So I believe that in the unlikely event that the HCTC is extended, Delta would allow me to opt out if I were able to keep my VEBA insurance. Hope this helps answer Mark Cave's question.

Editor:  Thanks Tim for chiming in on this and we all agree that anyone can “cancel” insurance at any time.  So your point is well taken.  On the flip side the concern I have always had is not canceling but enrolling.  If one misses the planned enrollment period for new insurance plan than the only way to qualify is a “life” event.  That can be an issue. Your actions are typical of our lot of aviators that hope for the best but plan for the worst.  Glad you are covered and thanks again.

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