CARES Act – Unemployment Benefits

What is it?

A part of the $2 trillion relief bill, the CARES Act, will expand the range of workers eligible for unemployment benefits. This now includes self-employed people and part-time workers. More citizens are eligible than ever before, and are eligible for a longer period of time.

Do I qualify?

If you have lost your job, are on a temporary leave of absence, or are unable to work or find work because of the coronavirus crisis which includes if you leave work due to risk of exposure or to take care of family. Then you are eligible to receive unemployment benefits. 

What if I’m self-employed?

Additionally, if you are self-employed or an independent contractor you now qualify for unemployment through the pandemic unemployment assistance program. This temporary program allows those who don’t qualify for traditional unemployment to receive benefits during the pandemic. That includes if you are a gig worker, such as a ride-share driver, who have lost money because no one needs a ride anymore.

How much will I receive?

The program gives eligible unemployed workers an additional $600 per week in addition to their state benefits, lasting until the end of July. Your total can be determined based on the amount which your state pays you for normal unemployment benefits. Then add $600 to this and you will calculate your total amount received. Everyone is entitled to the full $600 extra payment, regardless of their state unemployment compensation amount. 

  • For example, if Maryland pays an unemployed worker $400 per week, then their total unemployment compensation will now be $1,000 per week until July 31st.

How do I file?

You can File online or by phone through your state. You can find out the number or URL at CareerOneStop.org, a website sponsored by the Labor Department. You’ll need to provide personal information along with information on your most recent job. That includes your start and end date, along with details on your wages. However, wait times vary given the number of individuals currently applying. 

If I already receive unemployment benefits will I have additional help?

Yes, those already on unemployment benefits will have their state benefits extended by 13 weeks and receive the additional $600 weekly.

When can I expect to receive benefits?

The benefits are being distributed at the discretion of the states. Unfortunately, many Americans are experiencing long delays in payment. Many of the delays are due to the inability of states to handle the overwhelming number of filers, both online and by phone. We encourage you to apply as soon as you are eligible given these wait times.

Have any questions about COVID-19 resources? Feel free to contact us at covid@ascentmicrofinance.org.