Turner, Golden Press Congressional Negotiators To Make Health Coverage Tax Credit Permanent
Congressmen
"We represent working people who have been left without affordable health insurance since
The HCTC provides refundable tax credits to cover more than 70 percent of the cost of health insurance premiums for two kinds of workers: those who have been certified to have lost their jobs due to outsourcing, and eligible retirees whose pensions have been taken over by the
"Since its inception in 2002, this program has been reauthorized seven times - providing much-needed benefits to workers in such positions," the lawmakers continued. "These people worked hard their whole lives and don't deserve the uncertainty and stress of relying on a program that could expire every year or two. That's why we must ensure that a permanent reauthorization is included in any end-of-year tax extenders legislation."
Background:
Making the Health Coverage Tax Credit (HCTC) program permanent would give the over 5,000 Delphi Salaried Retirees in
Turner has been a consistent advocate for long term reauthorization of the HCTC, re-introducing The Health Coverage Tax Credit Reauthorization Act in 2021 after championing its reauthorization in 2019. This program has been reauthorized seven times since its inception in 2002, benefitting thousands of American workers and their families.
In addition to advocating for Delphi Salaried Retirees' health care, Turner is working tirelessly to restore the pensions that were unjustly revoked in 2009. In July, the House approved the Susan Muffley Act in a bipartisan 254 to 175 vote. Turner is now working with colleagues in a bipartisan, bicameral effort to have
* * *
To: The Honorable
The Honorable
As the House considers tax extenders legislation in the final months of 2022, we write to stress the importance of the inclusion of a long-term reauthorization or permanent extension of the Health Coverage Tax Credit (HCTC), which expired on
We represent working people who have been left without affordable health insurance since
Since its inception in 2002, this program has been reauthorized seven times - providing much- needed benefits to workers in such positions. These people worked hard their whole lives and don't deserve the uncertainty and stress of relying on a program that could expire every year or two. That's why we must ensure that a permanent reauthorization is included in any end-of-year tax extenders legislation.
This is the subject of bipartisan legislation - H.R. 6339, the Health Coverage Tax Credit Reauthorization Act of 2021 - which would authorize the program through 2025. A provision to permanently extend the HCTC was also included in the House-passed version of the America COMPETES Act but was stripped during conference negotiations with the
It's time to permanently reauthorize the HCTC and we stand ready to work with you to provide affordable health care to our constituents.
Thank you for your attention to this important matter.
Sincerely,
Daniel T. Kildee,Member of
* * *
Original text here: https://turner.house.gov/press-releases?ID=C24FE7BA-1C04-4CAC-913C-DDB46209E9B8


SiriusPoint Announces New International Leadership Team
Arbella Insurance Group Adds One Inc’s PremiumPay® and ClaimsPay® With Diversified Digital Payment Options
Advisor News
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- Medicare Plus supplement vs. Medicare Advantage (Maybe) 2026– Healthful Hints
- ‘Medically frail’ Medicaid enrollees won’t have to prove their inability to work to keep coverage
- IMPLEMENTATION OF IMMIGRANT ELIGIBILITY RESTRICTIONS FOR ACA MARKETPLACE SUBSIDIES UNDER THE 2025 RECONCILIATION LAW: ISSUES TO CONSIDER
- ACA HEALTH INSURANCE RATES RELEASED FOR 2027 OPEN ENROLLMENT
- HEALTH INSURERS AND PHARMACY BENEFIT MANAGERS URGED TO ASSIST FAMILIES AFFECTED BY LULU M. ROSS ELEMENTARY SCHOOL FIRE
More Health/Employee Benefits NewsLife Insurance News