Congressman Tim Ryan Introduces Bill to Continue Health Care Tax Credit Coverage for Delphi Retirees
Washington DC – Yesterday, Congressman Tim Ryan (D-OH) and Congressman Mike Turner (R-OH) introduced H.R. 2783, legislation which provides Delphi retirees and other eligible individuals the choice of continuing within the Health Coverage Tax Credit (HCTC) program past the program’s December 31, 2013 termination date or leaving the program.
Current law—enacted as part of the Affordable Care Act—terminates the HCTC program at the end of this year. H.R. 2783 extends the HCTC program for currently-enrolled participants, so long as the participants are receiving PBGC pensions and there are no breaks in their coverage.
“It is crucial that we do not leave behind these hardworking Americans, like the Delphi Retirees, many of whom have had their pensions and healthcare significantly reduced through no fault of their own,” said Congressman Ryan. “Congress has the opportunity to extend the Health Coverage Tax Credit program to ensure that those who had their earned heath benefits stripped from them continue to receive the affordable coverage they deserve.”
Current enrollees who are eligible for HCTC as a result of receiving Trade Adjustment Assistance (TAA) would not be grandfathered into the program, nor would new enrollees be allowed after December 31, 2013.