As You Leave Group Coverage
- If you are leaving your job or otherwise losing access to your group health plan, you may be able to remain covered under the group health plan for a limited time. In addition, you may have special protections when buying certain kinds of individual health insurance policies. SeeĀ Individual Health PlansĀ for more information about COBRA continuation coverage, state continuation coverage, conversion policy, and high- risk pool coverage for “HIPAA eligible individuals” and others.
- If you lost your health insurance and are receiving benefits from the Trade Adjustment Assistance (TAA) Program, you may be eligible for a federal income tax credit to help you pay for new health coverage. This coverage is called the Health Coverage Tax Credit, and is equal to 65% of the cost of qualified coverage, including COBRA, state continuation coverage and health insurance offered through the New Hampshire Health Plan.
- If you are a retiree aged 55-65 and receiving benefits from Pension Benefit Guaranty Corporation (PBGC), you may be eligible for the HCTC.