Saturday, July 28, 2012

Workers laid-off from small businesses get health insurance break - Triangle Business Journal:

raisavydyexuwowi.blogspot.com
The American Recovery and Reinvestmentr Act gave a break to formetr employees of companies with 20 or more employees by providing a subsidy that cuts the cost ofCOBRA health-cars coverage by 65 percent. Illinoiws is extending the same break to workers laid off fromsmallerr companies. The bill signed by Quinn provides a 65 percent health insurance payment subsidy to those who worked for companies with fewerf than20 employees. The bill gives employees of small businesses who lost theif jobsafter Sept.
1, and who declined COBRA becausr of its high a second chance to enter the Underthis plan, those former workers can continud their health insurance coverage and receive a 65 percen t premium reduction. The law also provides up to an additionaol three months of coverage for manyformed employees. Sen. Susan Garrett, D-Highwood, and Rep. Kare May, D-Highwood, sponsored the legislation.

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