Showing posts with label HCTC. Show all posts
Showing posts with label HCTC. Show all posts

Thursday, October 15, 2009

DOL certifies approximately 4,700 workers in 13 states as eligible to apply for Trade Adjustment Assistance

On Sep 17, 2009, the U.S. Department of Labor announced that approximately 4,700 workers from companies in 13 states — Arkansas, Illinois, Indiana, Maine, Michigan, New Jersey, New York, North Carolina, Ohio, Oregon, South Dakota, Tennessee and Wisconsin — are eligible to apply for Trade Adjustment Assistance (TAA), which is a federal program that retrains and financially assists workers whose jobs are displaced by foreign competition.
"Foreign competition continues to impact America's workers regardless of industry or occupation," said Secretary of Labor Hilda L. Solis. "These trade-affected workers deserve the support of Trade Adjustment Assistance as they upgrade current skills or seek out new careers in promising regional industries."
The agency said that workers covered by these latest TAA certifications will be contacted by their respective states and receive instructions on how to apply for individual benefits and services. Those who apply may receive job placement services, case management and re-employment services, training in new occupational skills and trade readjustment allowances that provide income support for workers enrolled in training. Some workers may also receive job search and relocation allowances, and the Health Coverage Tax Credit (HCTC).
According to the federal DOL, workers aged 50 and older may elect to receive Reemployment Trade Adjustment Assistance (RTAA). If the worker obtains new employment at wages less than $55,000 and less than those earned in adversely affected employment, the RTAA program pay will pay 50 percent of the difference between the old wage and the new wage — up to $12,000 — over a two-year period. RTAA participants may also be eligible for retraining.

Wednesday, September 02, 2009

Nearly 1,800 North Carolina Workers Got $2 Million Health Insurance Payments

In August, the U.S. Department of Labor announced a $2 million grant to provide about 1,800 North Carolina jobless workers with partial premium payments for health insurance coverage.

North Carolina Department of Commerce awarded the grant and will use it to make "gap filler" payments for unemployed individuals who are receiving Trade Adjustment Assistance (TAA) benefits and are eligible for the Health Coverage Tax Credit (HCTC) program, under which, eligible individuals and their family members can receive 80 percent of premium costs for qualified health insurance programs. The state of North Carolina will also provide two to three months of "gap filler" payments for the participants.

The funding will take some of the pressure off families who are trying hard to find new work in a tough economy and allow eligible out-of-work North Carolinians to maintain their health insurance. "The challenges associated with a job search are enough without worrying about a lack of health insurance if you or a family member fall ill or need medical attention," said Secretary of Labor Hilda L. Solis. "This funding will help eligible North Carolinians pay for health insurance while they seek out new careers that pay family-supporting wages and provide benefits for the long-term."

Funding for the grant comes from resources made available for health coverage National Emergency Grants under the American Recovery and Reinvestment Act of 2009.