Wednesday, April 20, 2011

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

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The American Recovery and Reinvestmenft Act gave a break to former employees of companie s with 20 or more employees by providingt a subsidy that cuts the cost ofCOBRz health-care coverage by 65 percent. Illinois is extendinfg the same break to workers laid off fromsmalledr companies. The bill signed by Quinn providexs a 65 percent health insurance payment subsidhy to those who worked for companies with fewefr than20 employees. The bill gives employeeds of small businesses who lost their jobsafter 1, 2008, and who declined COBRA because of its high a second chance to entet the program.
Under this plan, those former workeras can continue their health insurancee coverage and receive a 65 percent premium The law also provides up to an additional three months of coveragse for manyformer employees. Sen. Susan Garrett, D-Highwood, and Rep. Kare May, D-Highwood, sponsored the legislation.

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