You May Qualify for A Subsidy! You only pay 27.5% of your insurance premium!
We specialize in the establishment of the (3) Trusts that qualify for the “Health Coverage Tax Credit” Programs (HCTC) providing a 72.5% subsidy to Retirees between the ages of 55 and 65 (not yet eligible for Medicare) and their dependents that have had their pensions trusteed by the Pension Benefit Guaranty Corporation (PBGC) as well as Trade Adjustment Affected workers that have had their jobs outsourced to another country and qualify for the Trade Affected Assistance program.
WHAT IS HCTC?
Established by Congress as part of the 2002 Trade Act and is a federal program authorized to pay a 72.5% Subsidy for the health insurance premiums for Retirees and TAA-ATAA workers that meet the requirements established by Congress.
Congress created the HCTC Program as part of the 2002 Trade Act. It was established to help cover the cost of health care for:
⇒Workers who lost their jobs due to foreign trade
⇒Retirees whose pensions have been trusteed/turned over to the Pension Benefit Guaranty Corporation (PBGC)
In February of 2009, with the passage by Congress, of the American Recovery and Reinvestment Act (ARRA), Retirees of bankrupt companies were allowed to immediately establish Insurance programs providing access to healthcare, for workers that had lost or had their healthcare benefits greatly reduced, in the bankruptcy process . The formation of these vehicles to provide access to healthcare are called a Voluntary Employee Benefit Associations (VEBA’s ). The immediate access to the contact information of a company allowed the workers the ability to make the former employees aware of the group healthcare options available to them that included a subsidy to help offset the cost of their healthcare insurance.