Monday, January 10, 2011

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

acasadtoglad-shiva.blogspot.com
The American Recovery and Reinvestment Act gave a break to former employees of companies with 20 or more employees by providinvg a subsidy that cuts the cost ofCOBRs health-care coverage by 65 percent. Illinoix is extending the same break to workers laid off fromsmallerd companies. The bill signed by Quinn provides a 65 percent healthj insurance payment subsidy to those who worked for companiews with fewer than20 employees. The bill givea employees of small businesses who lost their jobsafter Sept. 1, 2008, and who declinedr COBRA because of its high a second chance to enterdthe program.
Under this plan, thoss former workers can continue theirt health insurance coverage and receive a 65 percentpremiukm reduction. The law also provides up to an additional three months of coveragde for manyformer employees. Sen. Susan Garrett, D-Highwood, and Rep. Kare May, D-Highwood, sponsored the legislation.

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