Wednesday, September 26, 2012

Workers laid-off from small businesses get health insurance break - Business First of Buffalo:

vittitowmehigyk1238.blogspot.com
The American Recovery and Reinvestment Act gave a brealk to former employees of companies with 20 or more employeess by providing a subsidy that cuts the cost ofCOBRq health-care coverage by 65 Illinois is extending the same break to workers laid off from smallef companies. The bill signed by Quinn providexs a 65 percent health insurance paymengt subsidy to those who workede for companies with fewer than20 employees. The bill givesx employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRA becaus of its high costs, a second chance to enter the program.
Under this those former workers can continue theie health insurance coverage and receive a 65 percentpremiunm reduction. The law also provides up to an additionakl three months of coverage for manyformerd employees. Sen. Susan Garrett, and Rep. Karen May, D-Highwood, sponsoredd the legislation.

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