I had never heard of such a thing before, but came across the term in my reading and discovered there is in fact such a thing. One company that offers it (not sure how many do) is called Income Assure. This is something I would be tempted to do, or at least research more intensively, but alas, I don't and won't qualify. You cannot have been unemployed within the past two years ( which won't be true of me until December) and the company you work for has to have at least 20 employees (which won't ever be true of my company). Also it only applies to W-2 employees, which is currently true of me. But with luck and some growth in the company, I could eventually be offered a small ownership stake and would get my earnings reported on a K-1. That's still a couple of years down the road, though. Still, supplemental unemployment insurance would be something I would check into if my circumstances were different. At least I finally got a good *disability* policy by joining a professional association. None is offered thru work. Lower quality benefits is a downside of working for a smaller employer. But on the positive side, we also don't have bureaucracy ourselves, only with the institutions we deal with.
Supplemental Unemployment Insurance
May 28th, 2016 at 11:26 pm