Many people are facing unemployment over the next year, and the loss of income is only a small part of the troubles associated with unemployment. Even more important than the loss of income is the loss of insurance coverage associated with it. This can be especially devastating to those who have families who are in need of coverage as well. Also, a little known fact is that spending three or more months without health insurance can significantly increase issues of pre-existing conditions. Insurance companies don’t look at it kindly when you have a lapse of insurance for a period of time, and tend to over scrutinize your bills accordingly.
If you’re suddenly without a job, most likely you will be covered under COBRA, a Federal plan passed in 1986 which allows you to continue your company’s health insurance for up to 18 months, paying out of your own pocket. If you were under a group plan before, the cost is likely to be reasonable in many cases. However, if you are without an income, you may not be able to take advantage of the COBRA option.
If you find yourself unable to take advantage of COBRA for whatever reason, you may need to find an independent provider that can give you a reasonable alternative, a short term policy, usually six months in length. These policies are specifically designed to protect your family between jobs. If your employer previously paid part of your premiums, then these policies can often be less costly than COBRA.
Reasonable health insurance is something that we are in need of, and hopefully the government will begin to pick up the slack for those who are truly in need. Proper and affordable health care should be a right and not a privilege that is awarded only to the rich.
These days, the internet is the best and most efficient resource for investigating the best coverage available to you. Check out the health care options available to you locally, as your state may offer some discounted programs. Whether your health insurance needs are because you lost your job, or whether your employer doesn’t offer a plan, there’s surely a plan that can help you.
Providing health insurance for your loved ones can be a strain when you find yourself without employment and without medical coverage. When obtaining health insurance quotes it is important to compare companies to ensure you are getting what you need at the lowest cost possible. For assistance in obtaining quotes log onto www.healthquotefinder.com.
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