Regulations

New Light Is Shed On The Hardship Exemption For Health Coverage Tax Credit

By Robert Sheen | October 11, 2016

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The Health Coverage Tax Credit (HCTC) has benefited many in affording healthcare coverage, as the ACA requires minimum essential coverage for all individuals. However, while the HCTC typically only applies to qualifying plans, the Department Of Health And Human Services has announced that a Hardship Exemption may be possible for those eligible.

The exemption can be claimed between the months of July through December of 2016, and applies to those who are eligible for the HCTC but do not have a qualifying plan. If in between one or more of those months an individual was eligible for the credit but didn’t have the plan, the HHS explains that they may be covered through a Hardship Exemption.

To obtain the Hardship Exemption forms,

Posted in ACA Requirements, Affordable Care Act, Department of Health and Human Services, Hardship Exemption, Health Care Coverage, Health Coverage Tax Credit (HCTC), Minimum Essential Coverage, Regulations

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