Upcoming Feature in WebCOBRA – New Qualifying Event of “HCTC / VEBA Eligibility”
Travis is currently working to add a new Qualifying Event entitled “HCTC/VEBA Eligibility.” This Qualifying Event includes a 72.5% subsidy that is automatically applied and expires at the end of 2013.
A court recently approved the creation of an “Auto Retiree VEBA Trust,” which is a Voluntary Employees’ Beneficiary Association designed to provide health benefits to eligible retired auto workers. A VEBA provides a way for employers to make a one-time contribution and satisfy the health liabilities of retirees. This VEBA is unique in that it is not tied to any one employer, but covers regional eligible retirees in the auto industry.
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WebCOBRA.com has been updated to handle HCTC Eligible QBs!
With the latest application update to WebCOBRA.com, users can now generate a letter that will inform a QB that they have applied for TAA and will give them further information about HCTC.
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