Published: 08 April 2016
Last Updated: 08 April 2016
Dear Fellow Retiree:
As we reported to you, the IRS posted recently on its website that the Health Coverage Tax Credit (HCTC) Advance Monthly Payment (AMP) process will be delayed until January 1, 2017.
It Is Now Time For You To Contact Your Congressmen/Women And Senators In Washington, D.C. And Urge Them To Take Action To Overturn This Decision To Delay.
Remember: The Advance Monthly Payment Feature In The HCTC Enables You to Save Big Bucks Each Month When You Pay Your Healthcare Premium….Positive Cash Flow Everyone!
Please ask your Legislators to take whatever action necessary to make sure the IRS follows the law … that is, implementing the HCTC AMP on July 1, 2016.
Use your own words in your communications. Here are some points to make:
1. The Trade Preferences Extension Act of 2015 (Public Law 114-27) enacted on June 29, 2015, reinstated the Health Coverage Tax Credit (HCTC). This law requires that the HCTC Advance Monthly Payment (AMP) process be fully operational on July 1, 2016.
2. The delay disobeys the law and we do not know why the IRS mismanaged the AMP implementation, especially when the agency was in the negotiations during the effort to put the bill together. This delay severely jeopardizes the lives of plan-eligible retirees, the viability of their VEBA’s and the ability of healthcare providers to operate with clear direction.
3. The IRS has in hand a “work-around” plan that proposes how to avoid a delay. The proposal was presented to the IRS on Thursday, April 7, 2016, by the Cone Retiree Healthcare Group and my DSRA Benefit Trust. The Cone Group represents the Airline Retirees, Auto Retiree and Steel Retiree VEBA Benefit Trusts. We desperately need members of Congress to motivate the IRS to favorably consider this proposal.
4. More than 200,000 retirees nationwide are eligible for the HCTC AMP and we have a very hard time getting any information about the program from the IRS: the Call Center is always busy and the IRS has not made any effort to directly communicate with us, even though the law requires them to do so.
Feel free to include personal impact stories and conclude by emphasizing that this delay by the IRS is unacceptable and extremely cruel behavior that will result in many retirees going without health care at a time when they need it the most.
Use this link: http://www.contactingthecongress.org/ to make your contacts via e-mail or telephone. You can also call the U.S. Capitol Switchboard to connect with your legislators. That number is 1-866-220-0044.
As we mentioned in our previous eblast, the DSRA VEBA HCTC Subcommittee has reconvened as the HCTC AMP Implementation Subcommittee to address this problem.
We know from past experience the strength of our grassroots efforts. Our key advisors tell us it is time to fire up our respective legislators and get them involved in resolving the issues that are prohibiting the IRS from implementing the HCTC AMP on July 1, 2016, according to law.
Thanks in advance for participating in the Call- to-Action.
We will continue providing updates via the DSRA Benefit Trust Website and eblasts such as this one.
Your AMP Subcommittee
Published: 26 August 2015
Last Updated: 07 April 2016
FREQUENTLY ASKED QUESTIONS -HCTC Updated 04/05/16
The Board of the DSRA-BT has already received many questions regarding the recent passage of the HCTC. The following is an update to our previous FAQs. If you don't see an answer to your question, please send an e-mail to Lori Ostrander, Secretary. Her e-mail can be accessed through the DSRA-BT website under "Contact Us". The updated items are included in RED below.Read more: FREQUENTLY ASKED QUESTIONS—HCTC Updated 04/05/16
Published: 31 March 2016
Last Updated: 01 April 2016
The election committee for the DSRA Benefit Trust is pleased to announce that we have three candidates that have submitted their names for a position on the Board of Directors of DSRA Benefit Trust. These people are Paul Beiter and Ken Garber who are current board members as well as a new nominee, Robert Mikoleizik.
The DSRA-BT Election Procedure, section 4.8, states the following:
4.8 If, at the end of the nomination process for DSRA BT Board candidates, the number of candidates approved to be eligible to run for the DSRA Board does not exceed the number of open positions available for election, then the DSRA BT Board may declare that an actual election is not required. In this case, all approved candidates will be considered elected Board Members. The current Board will announce the names of the new Board members to the DSRA BT membership immediately.
In accordance with this procedure, the Board is declaring that an election is not required since we have three nominees and three open positions. Therefore, we are announcing that Paul, Ken and Robert are considered elected Board Members. They will each fill a three-year term, expiring April 1, 2019.
We appreciate Paul and Ken volunteering for one more term and welcome Robert to our board.
The Election Committee
Bob von Schwedler
Published: 01 April 2016
Last Updated: 01 April 2016
The IRS is delaying the implementation of the Health Coverage Tax Credit (HCTC) advance pay feature, called Advance Monthly Program (AMP),until January 1, 2017. This is according to an updated posting on its website. Here is the link to that posting: https://www.irs.gov/Credits-&-Deductions/Individuals/HCTC
The agency indicates that it must delay installing AMP because of budgetary constraints, specifically the cost of designing, debugging and operating a new system.
The DSRA VEBA HCTC Subcommittee has reconvened as the HCTC AMP Implementation Subcommittee to address this problem. To date:
- We have reestablished communications with key Congressional leaders to remind them that the law requires the IRS to install the program on July 1, 2016. We also reviewed the hardships this delay will cause and we requested their leadership in directing the IRS to change course.
- We have joined with the Cone Retiree Healthcare Group and are urging the IRS to consider Cone’s very sensible and practical “work-around” plan. This plan is designed to alleviate IRS budgetary concerns and it allows for the scheduled July 1 implementation.
- We have requested that Cathy Cone of Cone Retiree Healthcare Group and Paul Beiter, DRSA VEBA Co-chair, be included in future discussions with the IRS.
- Senators Rob Portman (R-OH) and Sherrod Brown (D-OH) met with members of the Joint Committee on Taxation on Wednesday, March 30, 2016.
- The two Senators issued a joint press release supporting us, stating that the “IRS’s failure to meet the legal deadline to implement the HCTC’s advance payment program is entirely unacceptable.”
- Click on either of the following links to read their entire statement:
The next step is to give our friends in Washington a small window of time to work this issue. Be assured that we will be involved. We will advise you regularly of our progress.
While we believe we have the key players in place and a viable “work-around” plan to halt the delay, we may ask you at some point to contact Members of Congress as we did in getting the HCTC reinstated. For now, we must give our legislators a chance to fix this problem.
As with the HCTC reinstatement communications, all of our requests and progress reports on IRS AMP will be sent to you via DSRA VEBA e-blasts with subsequent postings on the VEBA website.
One more thing…..
Are You Looking For Information About Our Pension Fight And Letters You Have Received From The PBGC?
This eblast you are currently reading is from the DSRA Benefit Trust VEBA regarding VEBA health care insurance and life insurance plans and related HCTC information only. To receive updates regarding pension and PBGC issues, please register with our peer group DSRA Inc. To receive DSRA communications, which are separate from VEBA communications, register at www.DelphiSalariedRetirees.org. On the top menu, click on "Members Login / Register". At the Login screen, scroll down and click on "Sign Up"; then, provide all the required contact, service, and other information.
Published: 18 February 2016
Last Updated: 18 February 2016
Click on the link below to read a Blue Cross/Blue Shield of Michigan tax letter addendum for 2014: