6. January 2011 12:04
The President signed the Omnibus Trade Act of 2010 which extends the Trade Adjustment Assistance (TAA) program for six weeks (through Feb. 12, 2011). The Act consequently extends the 80% Health Coverage Tax Credit (HCTC) for the health insurance premiums of certain eligible individuals and their qualifying family members for eligible coverage months beginning before Feb. 13, 2011. The tax credit is available to those eligible under the TAA and and Alternative Trade Adjustment Assistance (ATAA) programs (which assist individuals who have become unemployed as a result of increased imports from, or shifts in production to, foreign countries), and retirees receiving PBGC pension benefits, who have lost their employer-sponsored health coverage.
The HCTC applies in limited circumstances and should not be confused with the 65% COBRA premium subsidy under ARRA, which was not extended by this Omnibus Trade Act.
Click here for more information.
Be the first to rate this post
- Currently 0/5 Stars.
- 1
- 2
- 3
- 4
- 5
COBRA
Comments are closed
Powered by BlogEngine.NET 1.1.0.7
Theme by DataPath Marketing Services
Disclaimer: The views and opinions on this blog are those of the author. Nothing contained in this weblog is intended as legal advice. This weblog was created to provide general information, opinions of the author and general musings. Accessing this website is not a consultation for legal advice or services and this weblog does not create an attorney-client relationship.
