All About Employment Insurance -Real Benefits of Employment Insurance

This is the age of recession and you never know when your employer will hand a rustication letter to you. Sometimes, you may also need to go on maternity leave, or you become ill and cannot join office for a long period of time, such as fracture in your bones. In such a scenario, it is always better to be on the safer side and insure your job. This means that even if you lose your job or you are at home for long, you will continue receiving monthly or weekly pay.

How Employment Insurance Works

According to the Employment Insurance Act, your employer will need to pay some amount from your salary to the government and you will receive an employment insurance certificate. If the employer denies your job, you can show your certificate to the government and it will take responsibility of sending you a fixed sum every week or month.

Employment Insurance is more commonly known as unemployment insurance, mainly because it comes into action only when you lose your job. However, you do not continue receiving the amount for a long period of time. You will be sent money for a fixed period of time, during which you will have to find another job for yourself.

How to Apply for an Employment Insurance Plan

Before you can avail the employment insurance plan, you will have to meet some eligibility criteria. You should be receiving a minimum amount of salary fixed by the government and you should have been in the same job for a specific duration of time. The eligibility criterion varies from one state to the other. Therefore, you should contact the Department of Labor of your state, where you will come to know the employment insurance options available in your state. Apart from that, you will also need to provide some documents including details of your current employer, your social security number, your birth certificate and your residential proof. Some states also allow you to apply for the insurance plan over the Internet or even through phone.

The benefits of the employment insurance start coming in within one week’s time and you can search for another job with peace of mind.