Saturday, January 7, 2012

Time for a TAA (make that TAAEA) Update

Some two-and-a-half years ago, we reported on the little-known Trade Adjustment Assistance program, started in the early 60's, which "was originally intended to help workers whose jobs were shipped overseas by helping them obtain new jobs at pay similar to their previous employment. It's since been expanded..."

And how.

According to an email from Anthem, "the Trade Adjustment Assistance Extension Act (TAAEA) ... increases the amount of the Health Coverage Tax Credit (HCTC) that is available to certain individuals receiving Trade Adjustment Assistance to 72.5 percent ... In addition, TAAEA provides an extension of COBRA coverage through January 1, 2014 to qualified beneficiaries ..."

Talk about Mission Creep.

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