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The American Recovery and Reinvestmeny Act gave a brea k to former employees of companies with 20 or more employeesz by providing a subsidy that cuts the cost ofCOBR health-care coverage by 65 percent. Illinoies is extending the same break to workerw laid off fromsmaller companies. The bill signedx by Quinn provides a 65 percent healtyh insurance payment subsidy to those who worked for companiexs with fewer than20 employees. The bill gives employeese of small businesses who lost their jobsaftet Sept. 1, 2008, and who declines COBRA because of itshigh costs, a second chance to enteer the program.
Under this those former workers can continue their healtb insurance coverage and receive a 65 percentfpremium reduction. The law also provides up to an additionalo three months of coverage for manyformer Sen. Susan Garrett, D-Highwood, and Rep. Karen May, sponsored the legislation.
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