How to Survive a Layoff or Furlough (Infographic)
Layoffs and furloughs are almost never expected, although with the pandemic raging and businesses struggling we should all be preparing for the worst. If you do find yourself in a situation where you have lost your job, it’s important to determine whether you have experienced a layoff or a furlough first. They are not the same and there are some implications for things like your health insurance and ability to go back to work at some point. Layoffs are almost always permanent and you will lose all the benefits associated with your job, including health insurance, which you will have to establish on your own immediately. If you are furloughed, there’s a chance your employer is keeping your insurance going and you will have to repay your premiums when you go back to work. As far as unemployment benefits are concerned, you can likely get benefits regardless of your status – check with your local regulations to be sure and to apply for unemployment benefits. Learn more about the difference between layoffs and furloughs from the infographic below.