Avaya Retirees:
HCTC Extended for 2021 pending approval by the President
Heads up notice.
I was told in a letter this past week from one of my Senators that Congress included a one-year extension of the Health Coverage Tax Credit (HCTC) in the $1.4 trillion federal government fiscal year 2021 appropriations bill and or the $900 billion COVID-19 stimulus package that passed on December 21.
As you know the HCTC is a refundable tax credit for individuals, between the ages of 55 - 64, receiving certain Trade Adjustment Assistance benefits or individuals receiving pension plan benefits that have been taken over by the Pension Benefit Guaranty Corporation (for example, NRLN Avaya Retiree Chapter members). The tax credit is for 72.5 percent of the premium amount paid by an eligible individual for health insurance coverage.
An Action Alert was issued on December 3 asking NRLN grassroots advocates to send the NRLN's sample letter to urge their members of Congress to extend HCTC which was scheduled to expire on December 31.
The Action Alert caused 3,317 letters to be sent to Representatives and Senators. This is another example of members of NRLN associations and chapters banding together to communicate to Congress an issue important to retirees.
Now we wait to see what happens with the signing of the bills by the President. More to come when we hear it is approved and signed.
Enjoy the holiday’s and stay safe and healthy.
Sincerest Regards,
Vern Larson, President, NRLN Avaya Retirees Chapter
NRLN Board Member, Vice President – Membership Development