Get the Facts: A Guide to Unemployment Benefits

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Lost your job or struggling financially? It doesn’t have to be so complicated

Over 10 million Americans are currently unemployed. As a result of the COVID-19 pandemic, inflation and unemployment have increased. Luckily, if you’re currently unemployed or struggling financially, the government has the resources to help you out.

Unemployment benefits provide financial assistance to individuals who’ve lost their job through no fault of their own. These benefits are designed to help individuals bridge the gap between jobs and provide a safety net during difficult economic times.

What’s The Process Like?

If you’re out of work, you may be eligible for unemployment benefits. Eligibility for these benefits varies by state. Generally, you must have worked for a certain period of time and earned a minimum amount of wages before you became unemployed.

To apply for unemployment benefits, visit your state’s unemployment insurance website and complete an application. You may be required to provide information such as your Social Security number, employment history, and the reason you became unemployed.

Once your application has been approved, you’ll receive a determination letter outlining the number of benefits you’re eligible to receive. These benefits are usually paid on a weekly basis and are tax-free.

In addition to financial assistance, many states also offer job search assistance to individuals receiving unemployment benefits. This may include access to job search websites, resume-building resources, and job placement services.

What Am I Eligible For?

Before you apply, you will want to see what you are eligible for. Even if you’re not currently unemployed, there may be benefits available such as SNAP (informally known as food stamps), housing assistance, and other programs. 

Check out this free benefits finder to see which benefits you qualify for, along with a free benefits handbook. 

Hot Tip: The government has resources for everyone, that’s where our taxes come to play! Be sure to read up on all government assistance if you are having hardships.

How Are Benefits Paid Out?

Once approved for benefits, the state will either mail you a check or send you a debit card that will be reloaded. If you’re finding that your funds aren’t coming in, be sure to certify for your benefits. 

The amount you receive will vary depending on your previous income, expenses, and dependents. 

Bottom Line

If you are currently out of work or struggling to keep up with expenses, don’t hesitate to see what benefits you can apply for. These benefits can provide much-needed financial assistance and support during a challenging time.
For easy help, check out this free benefits finder tool to understand benefits and what you can qualify for today.