By
Audrey Howard on July 24, 2010, 1:28 pm
Despite stiff opposition from the Republicans, the extension of the current unemployment benefits is likely to pass. While the economy has not fully recovered, the job market has started to rebound where it was from a year ago. Whether or not this is because of the stimulus package is working, or in spite of Obama’s policies that are not business friendly is a subject for debate. Many of the unemployed people who find their benefits extended may find out that they lose their health insurance. If the new bill gets signed into law, a person receiving unemployment compensation can receive benefits for up to 99 weeks.
COBRA Benefits Not Covered
The Cobra program allows people to keep health insurance when they are between jobs. The law was passed to help people keep health insurance while they are between jobs. Like the unemployment benefits themselves, there is a limit to how long COBRA coverage lasts. Basically, the program lets people keep the health insurance policy that their former employer had. When the congress proposed the extension of unemployment benefits to 99 weeks, they did not include an extension of the COBRA program. The same benefits were extended the last time congress extended unemployment benefits.
What Does This Mean For People On Employment
Extending unemployment benefits may give people more breathing room to find a job. Extending the benefits does not encourage those currently without an employer to find a new jobs. If a worker had a family who depended on the COBRA health insurance benefits. The failure to extend health insurance coverage may motivate more people to seek jobs, even though the current employment market may not be ready to handle a large influx of job seekers. More people gaining employment may help move the economy further along the road to recovery.
Related posts:
- Unemployment Extension: Gov. Teaching Americans To Stay Unemployed
- Unemployment Extension Bill: Will It Take Care Of Health Insurance
- Unemployment Extension Bill Adds 2M More To Those Without Healthcare
- Senate Unemployment Extension Bill: How Soon Will I Get My Check
- Unemployment Extension 2010 News: Will Senate Bill Kill New Jobs
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