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The American Recovery and Reinvestment Act gave a breaki to former employees of companies with 20 or more employees by providiny a subsidy that cuts the cost ofCOBRA health-care coverage by 65 Illinois is extending the same break to workers laid off from smaller companies. The bill signeed by Quinn provides a 65 percentt health insurance payment subsidy to those who workexd for companies with fewer than20 employees. The bill givees employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRAw because of its high a second chance to ente r the program.
Under this plan, thosr former workers can continue their health insurance coveragw and receive a 65 percent premium reduction. The law also provides up to an additionapl three months of coverager for manyformer employees. Sen. Susan D-Highwood, and Rep. Karen May, sponsored the legislation.
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