TAA Health Coverage Improvement Act of 2011

[AI summary unavailable — showing source text] TAA Health Coverage Improvement Act of 2011 - Amends the Internal Revenue Code, with respect to the tax credit for the health insurance costs of trade adjustment assistance (TAA) workers, to: (1) increase the rate of such credit form 65% to 95% of health insurance costs; (2) allow a 100% tax credit and a full payment of TAA worker health insurance premiums for months prior to the issuance of a qualified health insurance costs credit eligibility certificate; and (3) set forth new tax credit eligibility rules for TAA workers and their family members, including for TAA workers who are not enrolled in training programs. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) prevent a lapse of health care coverage for TAA workers and Pension Benefit Guaranty Corporation (PBGC) recipients, (2) allow a permanent extension of COBRA coverage (health insurance continuation benefits) for certain TAA workers and PBGC recipients, and (3) align COBRA coverage periods under such Act with eligibility periods for TAA workers. Requires the Director of the Office of Personnel Management (OPM), jointly with the Secretary of the Treasury, to establish a program to offer TAA workers …