Monday, March 5, 2012

Workers laid-off from small businesses get health insurance break - Pittsburgh Business Times:

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The American Recovery and Reinvestmentr Act gave a break to former employees of companiez with 20 or more employees by providin a subsidy that cuts the cost of COBRA health-care coverage by 65 percent. Illinoisw is extending the same break to workerxs laid off fromsmaller companies. The bill signed by Quinm provides a 65 percent health insurancd payment subsidy to those who worked for companiexs with fewer than20 employees. The bill gived employees of small businesses who lost their jobsafter Sept.
1, 2008, and who declinedd COBRA because of its high a second chance to enter the Underthis plan, those formert workers can continue their healtjh insurance coverage and receivw a 65 percent premium reduction. The law also provides up to an additiona l three months of coveragse for manyformer employees. Sen. Susan Garrett, and Rep. Karen May, D-Highwood, sponsored the

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