Archive for January 26th, 2010

Compare Health Insurance to Get the Most from IRS Help

Tuesday, January 26th, 2010

An Internal Revenue Service program seeks to help laid-off workers pay for health insurance, according to the Columbus Dispatch article “Laid-off workers get IRS help on health insurance,” by Suzanne Hoholik.  While the IRS program has been around since 2002, it doesn’t seem to be well-known among those laid-off workers who are paying out of pocket for their health care.  They should compare health insurance to get the best plan possible so that the IRS’s 80% coverage goes even further.  With close to 11% of Ohioans unemployed, the IRS is trying to spread the word about this program throughout the hard hit state.

To qualify for IRS health care assistance, you have to have lost your job to foreign outsourcing or to a foreign company.  Jobs that are included in this “trade-affected” program are auto workers and others who worked in the plants, and call center workers.  You also qualify if you are between the ages of 55 and 65 and are receiving a pension from the Pension Benefit Guaranty Corporation because of the failure of your company’s pension.  Ohio workers can look for a good insurance plan from a company like Aultcare health insurance in Stark County, then get the IRS to pay for 80% of the premium for a period of time.  If you have been laid-off and meet the qualifications for this plan, your monthly expenses could be significantly reduced.