What types of health insurance qualify for the Health Coverage Tax Credit?

There are several types of health insurance that qualify for the Health Coverage Tax Credit (HCTC):

• COBRA
• Group health plan available through the employment of your spouse
• Employee benefit plan funded by a voluntary employees’ beneficiary association (VEBA)
• Individual health insurance plan, not including coverage through a Health Insurance Marketplace
• State-qualified health plans established prior to January 1, 2014

Health insurance plans that don’t qualify for the credit:

• Health Insurance Marketplace coverage
• Flexible spending or similar arrangements and any insurance that’s purchased separately and not paid for as a comprehensive package, like dental or vision plans

For detailed eligibility information on qualified health insurance plans, visit the IRS.