§ 7527. Advance payment of credit for health insurance costs of eligible individuals

(a) General rule Not later than August 1, 2003, the Secretary shall establish a program for making payments on behalf of certified individuals to providers of qualified health insurance (as defined in section ) for such individuals. (b) Limitation on advance payments during any taxable year The Secretary may make payments under subsection (a) only to the extent that the total amount of such payments made on behalf of any individual during the taxable year does not exceed 65 percent of the amount paid by the taxpayer for coverage of the taxpayer and qualifying family members under qualified health insurance for eligible coverage months beginning in the taxable year. (c) Certified individual For purposes of this section, the term “certified individual” means any individual for whom a qualified health insurance costs credit eligibility certificate is in effect. (d) Qualified health insurance costs credit eligibility certificate For purposes of this section, the term “qualified health insurance costs credit eligibility certificate” means any written statement that an individual is an eligible individual (as defined in section ) if such statement provides such information as the Secretary may require for purposes of this section and— (1) in the case of an eligible TAA recipient (as defined in section ) or an eligible alternative TAA recipient (as defined in section ), is certified by the Secretary of Labor (or by any other person or entity designated by the Secretary), or (2) in the case of an eligible PBGC pension recipient (as defined in section ), is certified by the Pension Benefit Guaranty Corporation (or by any other person or entity designated by the Secretary).

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