Lawmakers Introduce Legislation to Reinstate the Health Coverage Tax Credit

Feb 18, 2015 Issues: Health Care

Washington, DC Today, Congressman Tim Ryan (D-OH) and Congressman Mike Turner (R-OH) introduced legislation that would extend the Health Coverage Tax Credit (HCTC) for the Delphi Salaried Retirees. 

With the expiration of the HCTC on January 1, 2014, tens of thousands of families across the country have struggled to pay their health bills.  The legislation would restore the HCTC for five years and provide these retirees with the certainty and stability they need. 

“The Health Care Tax Credit will give relief to thousands of Delphi salaried retirees and dislocated and retired United Steelworkers (USW) who have had their pensions and healthcare significantly reduced through no fault of their own,” said Rep. Ryan. "It is critical that we pass this legislation and ensure that they receive the affordable coverage they deserve, we cannot leave these hardworking Americans behind.”

“More than five years ago, 20,000 Delphi Salaried Retirees unjustly lost up to seventy percent of their pensions during the GM bankruptcy,” said Rep. Turner. "For the last year, these retirees have been forced to use up to fifty percent of their remaining pensions to pay for their health care. This legislation would provide much-needed relief for thousands of families who have already lost so much.”

In November of 2014, Reps. Ryan and Turner sent a bipartisan letter to House leadership reaffirming their strong support for the passage of an extension of the HCTC as part of a year-end tax extenders bill before the 113th Congress adjourned for the year.

In March of 2014, Reps. Ryan and Turner led a delegation of 28 Members and Senators from across the country urging both House and Senate leadership to enact for the extension of the HCTC.

In July 2013, Reps. Ryan and Turner introduced legislation that would have provided the Delphi Salaried Retirees and other eligible individuals the choice of continuing within the HCTC program past the program’s termination date, or upon leaving the program.