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

SOLVEDby TurboTax422Updated November 22, 2023

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

  • 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.

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