Is health coverage tax credit the same as premium tax credit?

Is health coverage tax credit the same as premium tax credit?

Premium Tax Credit (PTC) Health coverage tax credits (HCTC) also lower your health insurance costs, but they’re not related to premium tax credits. HCTCs are refundable tax credits that pay 72.5% of the qualified health insurance premiums for eligible individuals and families. Nov 1, 2021

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