If you’re unemployed you’ve likely already read dozens of articles explaining the unemployment benefits under the CARES Act. But what do they all mean? 

Here is a simple list of the major the unemployment benefits available to you: 

Federal Pandemic Unemployment Compensation (FPUC)

Individuals who are eligible to receive unemployment benefits will also receive an additional $600 weekly payment. This program was instituted to get individuals as close as possible to receiving a full paycheck. 

Unemployed individuals can expect this payment to cover the same weeks they receive state unemployment benefits between April 5, 2020 and July 31, 2020. 

Like the usual unemployment benefit, this $600 additional benefit will be taxable. 

Pandemic Unemployment Emergency Compensation (PUEC)

Individuals who have previously exhausted state benefits are eligible to receive an additional 13 weeks of unemployment benefits. This extends the maximum number of weeks individuals can receive unemployment benefits from 26 weeks to 39 weeks. 

This payment would be equal to the same weekly rate the individual is otherwise able to receive under their state’s law. Additionally, if any of the additional 13 weeks end on or prior to July 31, 2020, individuals can also receive the additional $600 weekly benefit. 

This benefit is available to unemployed individuals until December 31, 2020. 

Pandemic Unemployment Assistance (PUA)

This expands coverage to those who are self-employed, independent contractors, gig workers, and others who are not normally eligible to receive unemployment benefits. Individuals who are edible must be unemployed, only partially employed, or unable to work for COVID-19 related reasons such as:

  • The individual or someone in their household has been diagnosed with COVID-19 or is experiencing symptoms and seeking diagnosis for COVID-19
  • The individual is caring for someone in their household who has been diagnosed with COVID-19
  • The individual is a primary caregiver of a child or household member who is unable to go to school or another facility as a result of COVID-19
  • The individual is unable to reach their place of employment due to an imposed quarantine or was medically advised to self quarantine
  • The individual was schedule to begin work at a new place of employment but now has no job or cannot get to work
  • The individual has become the main support for the household because the head of the household died from COVID-19
  • The individual has had to quit a job as a direct result of COVID-19 
  • The individual’s place of employment closed as a direct result of COVID-19

As previously mentioned, these individuals can collect the benefits for up to 39 weeks until December 31, 2020. 

Lastly, while this is funded by the federal government, all of the aforementioned relief will be administered by your state. 

But there is still much more in store for you as a result of the CARES act. Would you like help understanding and completing the various forms and applications required of you? Contact us! We can be a trustworthy and dependable source for you during these stressful times.