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Unemployment Benefits Under the CARES Act

unemployment benefits

1 minute read

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides federal funding to expand the availability of unemployment insurance for COVID-19. Virtually all types of workers, even those who otherwise would not qualify for unemployment, may receive payments for up to 39 weeks under certain circumstances.

The Cares Act also provides funding to states to waive any waiting week requirements for unemployment insurance (UI) benefits (during the pandemic). Individuals receiving UI benefits for weeks of unemployment ending before July 31, 2020, will receive an additional $600 for each of those weeks.

Employers may want to become familiar with the expanded benefits available under the CARES Act and advise any of their workers who may qualify for them to apply through their state’s UI agency. Employers may also want to monitor the Department of Labor’s website and applicable state websites for guidance on how the benefits will be administered.

Download the bulletin for more information.

Download our complimentary case study to learn more about how Freeborn County saved their health plan

This blog is intended to be a compilation of information and resources pulled from federal, state and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.

 

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Rick Labian

Rick Labian

Rick Labian lives by the Golden Rule – he is guided by what is best for his clients and treats others as he would like to be treated. Rick acts as an advisor and advocate for his clients, helping identify goals for their benefit programs and building a strategic plan together. Rick has a rich history with NIS. He has worked for NIS for over 20 years, leading the Eastern region. Rick is the Manager and leads the FBC Client Management Team. Rick’s leadership and experience aids our internal staff and all of NIS’ FBC clients. Rick is a licensed insurance agent and is ACA certified through the National Association of Health Underwriters.