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What will happen when extra $600 per week in unemployment ends?

hi everyone this is dr. Newton showed and welcome to this very very important episode of ignition time I'm going to give you a lot of information in this video so you may want to watch it more than once so you catch all the fine nuances the fine details and also I recommend that you share this video with individuals who are interested in unemployment benefits in this video I'm going to talk about what is expiring and what is actually extended as of the moment in time that I'm making this video I'm going to give you the difference between PE UC and PUA now you may already be aware of this but again a lot of individuals have asked for clarification about this which is why I'm covering this for my viewers and subscribers so I'm going to go over three things in this video the first is I'm going to go with the three segments of unemployment benefits this is something you really need to understand because there's been a lot of confusion about this number two I'm going to talk about what is extended versus what is expiring and I'm going to talk to you about the biggest mistake that people make when it comes to extended unemployment benefits from the state and how you can avoid that mistake and number three I'm going to give you the difference between PE UC and pu8 I'm going to break that all down for you so what are the three segments of unemployment benefits the first is the regular state funded unemployment compensation program this is the one that you normally get from your state now workers in most states I illegible for up to 26 weeks of benefits this is how the program has traditionally been since it was instituted many decades ago and so this 26 weeks of benefits is available from the regular state funded unemployment compensation program now although six states provide fewer than 26 weeks and one state provides more than 26 weeks according to the Center on Budget and Policy Priorities which is a CB P P now because of the pandemic because of the Ches act that was passed in March we now have a 13 week PE UC extension in other words under the KS act states are providing at least 13 additional weeks or that are federally funded and these are provided to people who exhaust their state benefits so again under the Kazakh states are providing 13 weeks of additional federally funded benefits to individuals who have exhausted their typical state benefits who have exhausted their regular state funded unemployment compensation program and now more recently and more and more states are now starting to make these announcements if you are living in California you know exactly what I'm talking about in states with high unemployment by the way this is directly correlated with instances of the spike in the illness and there are at the moment I'm recording this video there's a spike in the illness in more than 30 states across the country so in states with high unemployment those benefits I extended even further so in other words there's a regular state funded unemployment compensation program there's a 13-week PUC federal extension and then there is the what's known as the extended benefits so what happens is these benefits are extended even further another 13 to 20 weeks according to the CB pp now extended benefits have triggered in 49 states at the time I'm recording this video plus the District of Columbia Puerto Rico and the Virgin Islands [Music] now after the Great Recession which is which happened in 2008 10 states reduced the maximum benefit duration below 26 weeks now the maximum benefit duration varies from one state to another it's basically the state saying I'll only pay you for this long now again those are not normal circumstances normal times we don't live in normal times however since the pandemic started four of those ten states that's four of those ten states went back to 26 weeks these four states include Idaho Michigan Georgia and Kansas again that's Idaho Michigan Georgia and Kansas now a handful of states continue to offer less than 26 weeks these states are Missouri South Carolina Arkansas Florida North Carolina and Alabama once again Missouri South Carolina Arkansas Florida North Carolina and Alabama now keep in mind I was talking about the regular state funded unemployment compensation program so so far I talked about what is extended now I'm going to talk about what is expiring at the time I am recording this video the $600 a week federal booster which is not to be confused with all the information I gave you prior to this because everything prior to this I talked about extension now I'm talking about expiring the $600 a week federal unemployment booster is scheduled to expire at the end of July at the time I'm recording this videos now keep in mind the states will only pay the extra $600 week federal booster through the end of July now depending on the state in which you live it could be the week ending July 25th or July 26 now this is a significant blow to individuals who are depending on the $600 a week federal booster it's a lifeline for millions of individuals now at this point again at the time I'm recording this video there's no clear indication on whether that booster will be extended if it's going to be extended at a certain amount with a certain amendment we don't know that as of right now so individuals under both the PE UC state program and the PUA program are scheduled to lose a $600 week federal booster during the last week of July now if you've exhausted your state it's there is an extension for an additional 13 weeks of benefits under the PE you see and that's good until December 26th 2020 so this means for individuals who have exhausted their state benefits they'll get benefits for an additional 13 weeks because this was under the cares Act and this is both under the PUC and the PUA program the problem is this gives you a maximum payout of three hundred and fifty dollars a week that's number one and number two this is good until December 26th 2020 so this brings me to the biggest mistake with the PE you see which is the 13 week extension to state unemployment benefits the biggest mistake you can make is to say to yourself well I've got unemployment I'm going to be automatically enrolled in PE you see really depends on your state whether your state automatically enrolls you or not what is the maximum benefit amount in your state all of those decisions are made by your state agency so you need to contact your state it would be wise if you actually contacted your state and made sure that you are enrolled in the 13 week PE UC extension so again for those in PE you see which is a state benefit you may not be automatically enrolled in this extension so if you are nearing the end of your regular state unemployment benefits you may want to contact your state agency so you can apply for the pandemic benefits apply for the 13 week PE UC extension now let's understand the difference between PE you see and P you a I'll show you a table on the screen so it's very easy to follow along PE you see sense for pandemic emergency unemployment compensation that's pandemic emergency unemployment compensation PU a stands for pandemic unemployment assistance now PE you see is the regular state unemployment benefits that most individuals qualify for the PU a is a federal program for those who do not qualify for those who are not eligible for state unemployment benefits such as independent contractors and self-employed workers the PE you see is available for weeks through December 26th 2020 the PU is also available through December 26th 2020 the PE you see provides 305 dollars maximum weekly for up to 13 weeks the PUA provides 3 and $50 maximum weekly for up to 39 weeks now also keep in mind that the PE you see is the 13 week extension to state unemployment benefits for individuals because state unemployment benefits tend to run out at right around 26 weeks for more states now the PUA is a federal program for individuals who are not going to normally under normal circumstances not going to get any unemployment benefits to begin with so that is an important distinction right there so the PE you see is for people who are eligible for state unemployment insurance but have exhausted their traditional benefits that were given to them by the state the PUA on the other hand is for people who are ineligible for state unemployment benefits or any extensions through the state unemployment benefits system now I have seen some reports from some states about this next point but you are going to need to talk to your state about this as far as a PE UC goes the reason for the loss of work does not have to be due to the illness as far as the PUC is concerned and for PUA the reason for the loss of work has to be directly related to the illness again you're going to need to talk to your state about this so I know that was a lot to digest I appreciate you hanging in there with me it was a lot of information I know hopefully it was beneficial for you in the next video I'm actually going to break down all the states in the country I'm going to give you a detailed breakdown of the total extent of the weekly unemployment benefits in every single state in the country I'll also do another video on which states have extended benefits remember there's a traditional state unemployment benefits there's the 13 week extension with the PUC and some states are doing extended benefits because of the high unemployment rate so I am going to do a separate video that will give you a breakdown of the total number of weekly benefits across all states and I'll also do another video where I'll break down specific states that are doing extended benefits that are doing extensions of benefits and I hope that's valuable I hope that this was useful and if you know someone who can benefit from this video please share the video with them on Facebook on Twitter share them the youtube link of this video send them an email with this video so that they can get information and they can get clear during this uncertain time thank you so much for watching if you did learn something new please click the like button please also click the subscribe button so that you get notified also remember to click notifications you will get instant updates going forward thank you so much for watching I'll see you in the next video bye