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Health Coverage Tax Credit Adds One More Consideration for Employers
Frenkel BenefitsLink to more items from this source
July 23, 2015

"[T]he Health Coverage Tax Credit (HCTC) ... [had] expired at the end of 2013 and even though prior to its expiration it was not widely used, the reinstatement is one more consideration for employers to tackle in what seems to be an unending list. The legislation pays 72.5% of healthcare premiums for eligible beneficiaries -- employees who have lost jobs due to foreign competition or worked for companies whose pension plans failed. This applies to COBRA which means that employers should begin to think about adding language about the HCTC into COBRA notices."

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