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HCTC Program Payment Update for All Participants
**For Airline, Auto and Steel Trust Participants, this new payment process will effect your Feb. 2017 payment. Your Jan. 2017 payment has already been processed by the plan administrator, Benistar.**
Beginning January 2017 the IRS has changed the payment process for all HCTC participants. The new process is outlined below. If you have any questions regarding this process, you can call the Benistar Service Center at 1-800-236-4782.
The IRS will mail you a letter in December letting you know that you are enrolled for 2017. The letter from the IRS will confirm your 27.5 percent monthly payment amount for your portion of the premium. It will include instructions for making your monthly payment. It will also include your individual PIN number to be used on each voucher payment form.
Beginning with the payment due on Feb. 10, 2017, you must follow the instructions below and mail your payment to a different address. Do not mail your portion of the payment to your Health Plan Administrator for 2017 health coverage.
Making Your Monthly HCTC Payment to the AMP HCTC Program
The letter from the IRS will confirm your 27.5 percent monthly payment amount for your portion of the premium. It includes instructions for making your monthly payment.
Important Information for all AMP HCTC Program Participants
Your
exact payment amount is due by the 10th day of each month. We must receive your payment by the HCTC due date. If your payment is less than the exact amount due or is late, we won’t accept it and will return the payment to you. If we return your payment, you’ll be responsible for paying the unpaid premium directly to your health plan administrator, 100% of that months premium. Any overpayment above the exact amount will be returned back to you. Follow these steps to make your monthly premium payment to the AMP HCTC program:
- To ensure we apply your payment correctly and timely, you must mail the fillable Form 13973, Health Coverage Tax Credit Blank HCTC Payment Coupon each month with your payment.
- Include the bottom portion of the HCTC payment coupon with your payment when you make your HCTC payment. Failure to provide all required information could delay processing of your payment or the return of your payment if after research, the IRS cannot verify payment posting.
- The AMP HCTC program accepts the following payment methods by mail: personal check, business check, certified check, cashier's check, and money order. Make your payment payable to US Treasury – HCTC. Write your HCTC Participant Identification Number on your payment.
- Mail the payment coupon along with your payment to:
US Treasury – HCTC P.O. Box 970023 St. Louis, MO 63197-0023
The AMP HCTC program adds the 72.5 percent advance portion of the HCTC to your payment amount and sends the full payment to your health plan administrator each month.
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