No matter whether an individual is employed or not he can still have insurance. Well, to be more precise, those who are not employed can benefit from unemployment insurance. Unemployment insurance program helps stabilize the income for laid off workers maybe until the time they find a new employment. This kind of program helps cushion the effect of economic set backs and also helps bring economic stability.
This employer paid unemployment insurance program is designed for workers who have been laid off from work for no fault of theirs and meet the eligibility criteria for his / her state. Temporary financial help is offered until the unemployee finds work elsewhere and this trust is supported by the employer taxes as well as reimbursements. Employees make no contributions toward this program and this is solely managed by the employer. Employers are not supposed to deduct any money from the salary of the employees to pay for this program.
To qualify for unemployment insurance benefits an individual needs to provide 3 important data:
Past wages: The wages that an individual has received helps determine the benefit amount that he will receive. The first 4 of the last 5 complete calendar quarters before filing the claim is considered as the base period. When a claim is filed the highest quarter earnings is the amount on which the benefit amount is based.
Proof of job separation: In order to receive unemployment benefits an individual must be partially or completely unemployed through no fault of his own. Qualifications would include:
- He was laid off due to lack of work.
- He may still be employed but his working hours got reduced and for no disciplinary action.
- He was asked to quit working but without any work-related misconduct or for violating a company policy.
- He has been forced to quit even though he desperately wanted to keep his job.
- Engaged in active for full time work
- Physically capable of working
- Available for full-time employment
- Be registered with the job search engines online
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