Has anyone looked into the HCTC tax credit for those retirees still under 65 (am I the last one?) ? My understanding from browsing IRS and TurboTax sites is that if you get your pension thru PBGC and if you either get a non-marketplace individual plan (i.e, not ACA plan) or a plan from your spouse's employer (that doesn't pay over 50% of the premium), you can get 72.5% of your premiums paid for via the HCTC credit. Seems too good to be true. Apparently, a law was passed under the Obama administration that allows this credit to be taken thru 2019. BTW, the reason you apparently can't use an ACA plan with the HCTC is because you can't get both the ACA premium tax credit and the HCTC for the same year. But I wonder if you could still get an ACA plan if you don't qualify for the premium tax credit due to income level.
Also, I tried to find out if Avaya is still going to provide the $2500 subsidy (HRA funding) as they have the last couple of years. I called the Avaya about it. The rep didn't know (of course) and opened a ticket. I haven't heard back. I also asked (via email) one the lawyers in the bankruptcy case if they were going to pay it. Again, haven't heard back. I also called OneExchange. As was mentioned on another post, they said I was eligible for the $2500 for 2018. But I pushed them and said being eligible doesn't mean the funding would be there. I asked them to let me know in writing if the funding would be there. They said they couldn't do that. I asked for a Supervisor. They said one would call back in 24 hours. Didn't happen (sigh).
Anyway, the HCTC tax credit would be wonderful if I can truly qualify for it. Just thought I'd float it to this forum to see if anyone else is familiar or knowledgable on it. Please share if you are. Thanks.
TomInDenver