Friday, March 30, 2012

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

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The American Recovery and Reinvestment Act gave a break to formedr employees of companies with 20 or more employees by providing a subsidgy that cuts the cost ofCOBRAA health-care coverage by 65 percent. Illinois is extending the same break to workers laid off fromsmaller companies. The bill signed by Quinn providea a 65 percent health insurance payment subsidy to those who worked for companieds with fewer than20 employees.
The bill give employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRA because of its high a second chance to enter the Under this plan, those former workers can continued their health insurance coverage and receive a 65 perceny premium reduction. The law also provides up to an additionall three months of coverage for manyformere employees. Sen. Susan Garrett, D-Highwood, and Rep. Karen May, sponsored the legislation.

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