Health Insurance Selections For The Jobless
- Author Giacomo Palermo
- Published August 12, 2011
- Word count 505
The gravest thing that can occur to an employee is to lose his or her employment. Make that even more impactful if an employee loses not only the income but also coverage for health insurance.
Health insurance is costly particularly when you are not receiving it as part of a group health insurance. Worse, no matter how affordable it might be, health insurance for the jobless will always be unaffordable and in most cases, unattainable.
But don't lose optimism as there may be an opportunity even if you've been let go. The first thing to do is to ask your boss if you are entitled to health insurance for the unemployed.
The law requires employers with more than 20 workers to provide health insurance for the unemployed for a period of 18 months. This is not free insurance though, but it could be part of your severance package which means your insurance will be paid by your company for a short time.
Nevertheless, you have to act quickly considering you only have 60 days once you lose your employer-subsidized insurance, to register for health insurance for the unemployed and continuously receive the health benefits provided by the company for a minimum of eighteen months.
If you're choosing to get individual health insurance, then do your shopping early on to give you more opportunity to weigh your options and choose the most advantageous coverage. It's possible to get affordable health insurance for the unemployed yet it gives coverage only for a huge medical occurrence. This form of health insurance does not generally cover basic healthcare needs.
If you are still undecided about receiving health insurance for the unemployed then look for short-term health insurance plans which are much more affordable than the major health plans but are available only for six months to a year. To lower the rate of your insurance, you can likewise look for a medical plan specifically for quick hospital visits and planned medical check-ups.
The future of health insurance for unemployed workers is shoddy with the end of the subsidy provided by the government for COBRA or the Consolidated Omnibus Budget Reconciliation Act, a federal law which consents the purchase of health insurance previously given by the company of let go employees. The subsidy, which took effect March 2009 and ended June 1, allowed the payment of only thirty-five percent of the premium for health insurance of the unemployed, while the government covered of the rest.
After this time, unemployed people will no longer be able to avail of the COBRA and will have to face the prospect of paying the ever increasing premiums or face the risk of not having any health insurance whatsoever.
Health is wealth may be a cliché but you will begin to understand the wisdom of this phrase the minute you are ill without health insurance for the jobless. The risk of surviving in the United States with no employment and monthly pay is unfathomable. Though, the risk of catching a disease without any health insurance to support you is appalling!
Giacomo Palermo is an insurance expert who has helped and serviced individuals and residents in getting affordable, competitive health insurance benefits for unemployed workers and individual insurance plans quotes for the past 20+ years.
https://www.comparecarriers.net/workers-compensation-insurance,
https://www.comparecarriers.net
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Cost-Effective Strategies for Business Owners in 2024: Maintaining Efficiency Without Reducing Staff
- Navigating Compliance for Personal and Professional Contributions
- Smart Savings: The Benefits of Buying Out of Season
- Youtube To MP3 Converter -- Free
- The Benefits of Outdoor Training
- A Fashionable, Artistic, and Modern Adventure: Three Days in Paris
- Why buy stock footage on mediaCastpro? Here are the benefits.
- GoPDF An Online PDF Editor Releases Mobiles Apps Compatible with iOS & Android: A Faster Solution for PDF Editing
- The Best AI Logo Generators in 2024
- How to prepare for a house clearance, a few tips from experts
- Adapting to Rising Parcel Rates in 2024 with Business Central and Order Ship Express
- Not All LED Lights Are Created Equal
- Zoviz Launches New Solutions Day by Day to Users as An AI Logo Maker
- Campervan Maintenance: All You Need to Know
- Fighting the Silent Epidemic: Safeguard Your Child's Future with Vitamin D Screening at KinderCure | Dr. Garima Mengi
- 5 Inspiring Stories of Women Who Achieved Gorgeous Lashes with Careprost Eye Drops
- Is Your Finance Strategy Ready for ERP Software?
- A Beginner's Guide to Starting a Career in Web3
- The Vital Role Of The Courier Industry: Connecting People, Businesses, And Communities
- Learning From Successes And Setbacks: The Importance Of Post-Bid Analysis In Professional Bid Writing
- Music And Identity: Exploring The Role Of Music In Shaping Culture And Identity
- Demystifying Dental Myths: Separating Fact From Fiction
- Expert and Little Known Tips for Limestone Floor Maintenance
- Explanation of how to improve the quality of low-resolution videos
- Do Compelling Marketing Pictures Unlock Sales Potential?
- Combining Science and Aesthetics: The Practical Benefits of Veneers
- These are my thoughts about the audience, topics, and purpose of my writing.
- Enhancing Child Health with Mindfulness: Insights from KinderCure’s Dr. Garima Mengi
- Blast Off into Adventure: 15 Must-Read Science Fiction Books!
- The Journey to Self-Love: Embracing Your Inner Worth