2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

February 10th, 2009

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Health insurance subsidy through COBRA

Tuesday, February 10th, 2009

COBRA Health insurance is one of the many things being changed in the 2009 Stimulus reform act.

For those who lost their jobs between Sept 2008 and Dec 31, 2009, the goverment is going to do one of two things.

If you elected to take COBRA Health insurance they will pick up 65% of your monthly fee to be apart of COBRA.

If you elected to not use COBRA at the time you lost your job, your former employer will have to give you the option to join the COBRA plan with the current subsidized rate.

This along with the additional health insurance benefits of the stimulus package are both two great signs for the unemployed and those becoming unemployed every day.

Posted in Stimulus, Unemployment | 1 Response »

2009 Stimulus Package will help the unemployed

Tuesday, February 10th, 2009

There are provisions in the 2009 Stimulus Bill going through congress right now that will help all of those on Unemployment in 2009.   First, it will add about $25/week to anyone claiming unemployment.  Secondly, anyone that has unemployment benefits that would run out by March will have an extention added on to allow them to collect unemployment through the end of 2009.  Third, the first $2,400 of unemployment benefits are nontaxable.

On both counts that is quite a bit of extra money being given to those on unemployment which is growing by the day.  500,000 new claims filed in Jan 2009, and who knows if Feb will beat out Jan yet.  The average weekly payout for unemployment is $300.  The $25 weekly add on is nearly 10% more per week for the average claim.

There may be even changes to COBRA, the insurance plan offered to anyone who lost their job.

All around, this is good news to help the unemployed with these stimulus clauses.  However, not so good for the federal bank who is shelling out more money in unemployment benefits then ever in history.  Regardless, this is  start to help those losing their jobs.

Posted in Uncategorized | 8 Responses »

Stimulus Checks Scam Schemes continue

Tuesday, February 10th, 2009

The scams surrounding 2009 Stimulus Checks are in full swing.  People are so desperate to find out how they get this stimulus check they are willing to do just about anything. Which makes them prey to devluging information they otherwise wouldn’t thinking they are talking with the IRS or some other agency.

Here is a site with a video talking about 2009 Stimulus Check Scams.

The IRS will never cold call you and ask you for your personal information.

Posted in Scams | No Responses »

The 2009 Stimulus Package could help colleges

Tuesday, February 10th, 2009

Colleges and college students across America could see releif from this stimulus package that is working it’s way through the Senate right now.  The Stimulus Bill could help allievate the cuts colleges would otherwise have to otherwise make.  There are some aspects of this bill that are targeting the Pell Grants.  The bill is targeting these Pell Grants to increase up to $5,350 with another $200 coming the following year to bring it to $5,550.
Along with the Income Tax Credits to save more money, the saved money could be used to go towards educational expenses.
Not everyone thinks that this will help colleges or the college students it is targeted at.  Feldman had this to say about the impact on colleges of these parts of the Stimulus.

“We don’t have the kinds of students that would benefit directly from this sort of program, but what it might mean is that we would be able to get more of them.”

In short, saying that the Pell Grant increaes and tax credit scholarships would have a small impact, if any, on college students.

Posted in Uncategorized | No Responses »