- If you are leaving your job or otherwise losing access to your group health coverage, 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 coverage. See Chapter 3 for more information about COBRA continuation coverage, state continuation coverage, conversion coverage, individual health insurance for ‘HIPAA eligible individuals,” and AccessTN.
- If you have lost your group 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 credit is called the Health Coverage Tax Credit (HCTC), and is equal to 65% of the cost of qualified health coverage, including COBRA and a policy offered through BlueCross BlueShield of Tennessee.
- If you are a retiree aged 55-65 and receiving benefits from the Pension Benefit Guaranty Corporation (PBGC), you may also be eligible for the HCTC.
As You Leave Group Coverage
