LayoffBlog.com

January 9, 2009

Health coverage eats up unemployment benefits

According to a report (PDF) by Families USA,

Nationally, to maintain single coverage, the average unemployed worker would need to spend 30 percent of his or her unemployment insurance (UI) check on COBRA premiums.

Maintaining family coverage under COBRA is an economic impossibility for most newly unemployed workers. Nationally, unemployed workers would need to spend nearly 84 percent of their UI income, on average, to pay for premiums for family coverage.

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