Grants Glossary

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The definitions below pertain to funding opportunities for the State of Illinois.

For a glossary of terminology for the federal level, visit this page.
All A C E H I N O P R S T W Y Acronyms

  • HCTC

    ​The Health Coverage Tax Credit is a tax credit that pays 72.5 percent of qualified health insurance premiums for eligible individuals and their families. The HCTC program does not provide health insurance coverage.  The Trade affected worker will need to have or obtain qualified health insurance coverage. All plans that were qualified for the HCTC in 2013 qualify for the HCTC through 2019. This includes Consolidated Omnibus Budget Reconciliation Act (COBRA) or spousal coverage if the employer, or former employer, did not pay 50 percent or more of the cost of coverage. Individual (private and non‐group) health insurance that you purchase for yourself or your family from an insurance company, agent, or broker is also included.

  • Health Coverage Tax Credit

    ​The Health Coverage Tax Credit is a tax credit that pays 72.5 percent of qualified health insurance premiums for eligible individuals and their families. The HCTC program does not provide health insurance coverage.  The Trade affected worker will need to have or obtain qualified health insurance coverage. All plans that were qualified for the HCTC in 2013 qualify for the HCTC through 2019. This includes Consolidated Omnibus Budget Reconciliation Act (COBRA) or spousal coverage if the employer, or former employer, did not pay 50 percent or more of the cost of coverage. Individual (private and non‐group) health insurance that you purchase for yourself or your family from an insurance company, agent, or broker is also included.