WASHINGTON, D.C. (NEWS10) — President Barack Obama has proposed a new insurance plan for the unemployed.
Obama is calling it a set of changes that will give greater security to out-of-work Americans and encourage more people to rejoin the workforce.
The plan would expand coverage to many part-time and low-income workers and expand wage insurance programs, aiming to soften the transition for people who take lower-paying jobs.
The insurance would replace half of the lost income, up to $10,000 over two years. It would be available to workers who were with their prior employer for three years and will be making less than $50,000 in their new job.
Obama also wants to require states to provide at least 26 weeks of unemployment insurance.
Nine states fall short of the benchmark.