Unemployment Insurance or ?

PolkaDotPurse

I'm in a bit of a panic and didn't know who or where to ask. I'm hoping someone can help. I am scheduled for my first appt with the oncologist soon so I have no idea what my treatment plan will be. In the meantime, the company I work for is being taken over by another company with a reputation of treating their employees not well at all. This will be happening very soon and likely coinciding with the beginning of whatever treatment will be starting. Middle and upper management will be sent across the state for training, and this would include me. The thought of learning all new policies/procedures/paperwork/programs/etc while going thru treatment is very worrisome. People have suggested taking the unemployment insurance option and not moving forward with the new company. However, I would need to be actively looking for work and not turning down any job opportunities. I do not know how I will be feeling and don't want to lie either. Others said to stay on with the new company and apply for short term disability. I just don't know what to do. I was scared enough dealing with BC but this bomb was just dropped at the company picnic like it was good news, but it most certainly was not. Any advice would be so very appreciated.

Thank you.

Texasrose53

I would recommend the Short Term Disability....most policies pay at 60% of your pay and that is usually equivalent to your normal take home, depending on your policy and if it is pre-tax or post-tax. But it will be much more than unemployment would pay.

SpecialK

There is also a question about whether or not you would be able to collect unemployment insurance if you resign, you might have to justify your medical reasons, and it could potentially be more red tape than the short term disab, if that is an available option for you. Many ST disab policies are employee selected, not employer offered. The other option is long term disab which is usually offered by companies, but may require you to be out for a period of time before kicking in. You can also use FMLA and disab combined to protect your position should you want to preserve your health insurance benefits during your absence.