As some of you may remember from out meeting at Liberty, the TAA will cover 65% of qualifying insurance. From the information I have gathered the ONLY qualifying insurance will be COBRA or BlueCross BlueShield of North Carolina's "Blue Advantage" programs.
The 65% that TAA will cover must be claimed as income on your tax returns, however, according to my tax preparer (who is a CPA) there is also a 65% tax credit on self insured policies. So the two figures will cancel each other out as far as taxable income.
If you opt for the BlueCross BlueShield "Short Term Health Care" policy please note that it is NOT covered by the TAA program. You can start with the "Short Term Health Care" and switch to "Blue Advantage" at a latter date and it (The Blue Advantage policy) will be eligible for TAA assistance.
IF YOU HAVE ANY QUESTIONS PLEASE CONTACT AND CONFIRM WITH THE NAFTA-TAA PROGRAM ADVISORS! 336-634-5600
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1 comment:
Marla, you are the bestest blogger ever. Keep the info coming and if I had any, I'd post it! Ha.
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