Congresswoman Tenney Introduces Legislation to Extend Health Coverage Tax Credit for Delphi Salaried Retirees

Washington, DC – Congresswoman Claudia Tenney (NY-24) today, alongside Representatives Mike Turner (OH-10), Jared Golden (ME-02), and Dan Kildee (MI-08), introduced the Health Coverage Tax Credit (HCTC) Reauthorization Act of 2023, to reauthorize the tax credit through 2027.
 
The HCTC provides refundable tax credits to cover more than 70 percent of health insurance premiums for certain retirees whose pensions have been taken over by the Pension Benefit Guaranty Corporation. This includes many of the Delphi Salaried Retirees throughout New York’s 24th Congressional District.
 
"When the Health Coverage Tax Credit expired at the end of 2021, it left numerous individuals, including many Delphi Salaried Retirees in New York's 24th District, without access to affordable health insurance plans," said Congresswoman Tenney. "Congress should pass a clean extension of this program through 2027 to restore this important tax credit. I am honored to have worked alongside Representatives Turner, Kildee, and Golden in our fight to make the HCTC permanent."
 
“The Health Coverage Tax Credit helps retirees afford their health care, especially as they age. This tax credit is especially important for the Delphi Salaried Retirees, whose pensions and other benefits were slashed through no fault of their own,” said Congressman Turner. “During this time of record inflation, it is critical that we ensure retirees are able to access affordable health care. Providing a long-term reauthorization of the Health Coverage Tax Credit would give over tens of thousands of salaried retirees peace of mind.”
 
“For many years, millworkers in Madawaska and other retired Mainers have relied on the Health Coverage Tax Credit to keep their health insurance affordable. Having to push for the reauthorization of this credit each year does nothing but create uncertainty for these retirees and others across the country and needlessly increase their cost of healthcare,” said Congressman Golden. “I’m proud to join my colleagues on both sides of the aisle to introduce this bipartisan legislation that would provide stability and peace of mind for Maine retirees through a multi-year extension of the HCTC.”
 
“Every Michigander deserves access to quality, affordable health care. That includes Delphi Salaried Retirees who lost their retirement benefits through no fault of their own and hardworking Michiganders who lost their jobs because of bad trade deals,” said Congressman Kildee. “I’m proud to introduce bipartisan legislation, with Republicans and Democrats, to extend this important program and lower health care costs for thousands of Michiganders.”
  

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