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spread and all Boomers are not at the same place in
their lives or in their careers. But if you are a Baby
Boomer who has found it difficult to get back into the
work force and you are seeking a job, go to the view
jobs area of our partner site RetiredBrains.com. Click
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area to see if one of the categories is a match for your seach. Enter the city in which
you wish to work in the "keyword" box along with other criteria to focus your job
search. You can also consider entering words like "part-time" or "temporary" as these
kinds of assignments are easier to find in this difficult job market.
You can post your resume at no charge so employers looking for someone with your
background and experience can find you. You can set a "job alert" so the system will
notify you when a job is posted thast matches the criteria you enter.
Many boomers who have not been able to find employment are considering starting
their own business. Click here for more information.
high number of Americans now plan to work past age 67. The number
of those who plan to work full-time is also at an all time high. There is an
accelerating trend toward working longer, and toward working full-time
beyond the current "normal" retirement age of 67.
By: Art Koff, Founder of RetiredBrains.com
First: Apply for Unemployment Benefits.
In most states, there is generally 2 to 3 week waiting period before benefits start, so file immediately as
the quicker you file the quicker you’ll start receiving your benefit checks. In many states you are able to
file by phone or online.
Unemployment benefits are administered by states and not the federal government so eligibility requirements vary
from state to state; however, as a rule, you are not ineligible if you left your job voluntarily or were fired for willful misconduct
often referred to as fired with cause.
If your severance package provides a salary for a specified period, as opposed to a lump sum, you may not be eligible for
unemployment benefits until the salary payments end. If you are unsure, you may go ahead and file for unemployment. Don’t
assume you are not eligible. The state will tell you if your claim is denied or are deemed not eligible.
Most people who have been let go are eligible for up to 26 weeks of state unemployment benefits, plus 13 weeks of extended
federal aid and these rules are being reviewed and extended regularly. See
http://www.edd.ca.gov/unemployment/Extended_Benefit_Information.htm for more information.
Unemployment benefits are smaller than your paycheck. The average unemployed worker received $293 a week in 2009
which replaced about 35% of the average weekly wage for U.S. workers, according to the Center for American Progress. The
actual amount you are eligible to receive will be based on a percentage of your earnings over the previous 52 week period,
up to your particular state maximum.
Be aware the unemployment benefits are fully taxable. Some states will allow you to have federal taxes withheld from your
benefit checks if you wish. To check the rules in your particular state with regard to unemployment insurance site, go to
http://workforcesecurity.doleta.gov/unemploy/ and click on "State Service Centers."
Second: Be Sure You Have Health Insurance Coverage.
This is extremely important for the obvious reason you and your family need the protection, but there is another sometime
hidden reason and that is “pre-conditions”. If you lose your insurance or have a 63 days or more gap between corporate
coverage, when you apply for new coverage it is possible the insurance company will exclude some areas of coverage
indicating you came to them with this serious medical condition or illness already. In other words you were sick when you
applied for the insurance.
Insurance companies generally cannot exclude conditions if you do not have a gap in coverage and you change from one
company to another.
Under COBRA or the Consolidated Omnibus Budget Reconciliation Act of 1985 employers with 20 or more workers must allow
laid-off employees to continue their coverage for up to 18 months; however you must pay 100% of the premium, plus
administrative fees. The cost of this insurance is at the employer’s rate which is usually substantially less than what you would
pay if you went to purchase the same type of coverage for you or you and your family directly with an insurance company.
If you happen to be an older worker you may not be able to find an individual policy that's affordable and if you or a family
member has a serious medical condition, you may not be able to buy an individual policy at any price.
COBRA law says that when you leave your job, your employer must provide you 60 days to decide whether to continue your
coverage. Once you sign up for COBRA, the coverage is retroactive, so any medical bills incurred during that 60 days will be
covered.
It is important to consult with your company’s insurance benefits professionals before making important insurance related
decisions. You can also speak with your state’s department of insurance http://www.naic.org/state_web_map.htm or with a
private attorney to make sure you are making the right decisions and your rights are protected.
today and that trend will continue. The U.S. Bureau of Labor
Statistics estimates the number of workers aged 55 or older will
explode by 2016.
economic crisis. As of September 2009 almost two thirds (65%) of current
workers say that the current economic crisis will delay their retirement plans
by one year or more. This is a large increase from 54% in December 2008.
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