There is a Health Coverage Tax Credit program that will pay 80% of health insurance premiums for workers that are receiving Trade Adjustment Assistance (TAA) benefits or receiving pension payments from Pension Benefit Guaranty Corp. (PBGC) and over the age of 55.
The IRS is holding an education session to assist eligible individuals through the process.
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Trade Adjustment Assistance (TAA) is a benefit for individuals who have lost their jobs because of trade with foreign countries. Employers and unions file a petition with the Department of Labor (DOL) to have their employees TAA certified.
Area companies that are Trade Adjustment Assistance certified include:
Alcoa, Inc., Alcoa, TN
Newell Rubbermaid, Maryville, TN
Ceramaspeed, Inc., Maryville, TN
Key Safety Restraint Systems, Knoxville, TN
Panasonic Electronic Devices Corp. of America, Knoxville, TN
DeRoyal Industries, Inc., Powell, TN
La-Z-Boy, Dayton, TN
Bos Automotive, Morristown, TN
Berkline/BenchCraft, LLC, Morristown, TN
The Mazer Corporation, Johnson City, TN
Use the US Dept. of Labor web-site to search for TAA certified companies.
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