Question by desiguy: What is “Supplementary Unemployment Insurance” in United States?
Best answer:
Answer by Marygirl
It is extra insurance you purchase and pay a premium for in the event you are unemployed, then…
If you become unemployed, the supplemental unemployment insurance will pay you an additional amount above and beyond that of which your unemployment does not. You must read the restrictions and requirements.
If you qualify to receive 60% of your pay for 13 weeks if you were to be layed off, your supplemental insurance may pay an additional 8 weeks. Just an example. BUT, perhaps, if you do not qualify for unemployemt because you were fired for something bad, your supplemental may not pay a thing.
Supplement: meaning an enhancement to your benefit that supplements, or increases the feature to your benefit which you already have in place.
Hope this helped and did not confuse you more. Just read the literature.
Know better? Leave your own answer in the comments!
There choices are very limited as far as companies that even offer something for just being unemployed.
AFLAC (ya know.. the crazy duck commercials) Is with out a doubt the best policy out there for missing work due to sickness or injury.
Now I am not just saying that based on opinion it is fact unlike many other responders who give opinion I can back it up… Check A.M best the largest independent insurance company rating institution also the Natuional Underwriters Association. You will see they are rated A+ superior and the reason is they pay 98% of thier caims within 7 to 10 days. Aflac understands that when we are hurt or sick we need money now. the law gives insurance companies 60 days generally to pay a claim so alot of companies wait till day 59 then send out check. Policies can be purchased either directly or through payroll deduction you save about 40% going through your employer. If your employer does not offer AFLAC then ask them to inquire. Unlike most benefits AFLAC for the most part is free for the employer to offer. The employer spends no out of pocket costs to offer and they are vouluntary. there are about 11 different policies to choose from i.e Cancer, Dental, hospital and short term disabilty.