It is not insurance- employers pay SUI and FUI taxes. Insurance would imply it is a voluntary premium- it is not. Employees do not pay those taxes. Insurance also implies that the premiums are sufficient to cover the benfits promised. They are not- both the state and federal programs are under water. Unemployment benfits are an entitlement program like any other the government sponsors. Employers pay the taxes and you do too, indirectly when the .gov spends more than it takes in.




Reply With Quote

