When an individual loses their employment (and meets eligibility requirements), state-administered unemployment insurance programs provide temporary monetary benefits to the former employee. In most states, employers-rather than individuals themselves-pay unemployment taxes that fund state unemployment insurance programs. Īlthough the word insurance is in the term, a few key differences distinguish unemployment insurance from private insurance plans such as home insurance, car insurance, or health insurance. The states control the specific features of their unemployment insurance programs, such as eligibility requirements and length of benefits. The federal government oversees the general administration of state unemployment insurance programs. Qualifying individuals receive unemployment compensation as a percentage of their lost wages in the form of weekly cash benefits while they search for new employment. Unemployment insurance is a term that refers to a joint federal and state program that provides temporary monetary benefits to eligible laid-off workers who are actively seeking new employment. See also: Unemployment insurance in the states Reform activity in the states related to unemployment insuranceĬlick here for more coverage of unemployment insurance on Ballotpedia.Unemployment insurance programs in the states.Index of articles about unemployment insurance. ![]()
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