Insurance - HL 241 (3)

Can someone please help the Captain out and please CC the PCN with your thoughts!

Michael Maher

Email   microb4591@gmail.com

Issue Area - Insurance

Comments - Has someone compared the Medicare Standard Supplemental Plans to the Insurance Trust for Delta Retires?  Is it similar to the "F" Plan?  It seems as if I saw a note on this in a previous High Life but can't find it. Thanks!

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  HCTC will be back………I’ll publish new guidelines when Lois Lerner at the IRS publishes them!

By the way, our service oriented IRS is STILL working on their “guidelines” News when it is available.

 HCTC: Latest News and Background

Latest News

IRS working to implement new law; Reminds taxpayers to continue existing health coverage during interim period.
The Trade Preferences Extension Act of 2015 (Public Law 114-27), enacted June 29, 2015, extended and modified the expired Health Coverage Tax Credit. Previously, those eligible for HCTC could claim the credit against the premiums they paid for certain health insurance coverage through 2013. The HCTC can now be claimed for coverage through 2019.
The IRS is currently reviewing the legislation and is working with its partners, the Pension Benefit Guaranty Corporation and the Department of Labor State Workforce Agencies, to determine the best way for taxpayers to receive this important credit. The law is similar to the version of the credit that expired in 2013 but includes modifications that affect how the credit is administered. The IRS will provide guidance on the credit in the near future, including guidance for taxpayers who also qualify for the Premium Tax Credit under the Affordable Care Act.
 


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