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Wednesday, July 23, 2014  
 
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Unemployment and Health Insurance

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If you have recently lost your job and are now without health insurance, finding an affordable and inclusive health insurance policy is often an uphill climb. Should you find yourself in this situation, don't despair. The good news is that there are options available to you when it comes to getting adequate health care when you are unemployed.

Unemployed Health Insurance Options

There are a few options which you can look into should you find yourself not only without a job but minus a health insurance policy as well. One of the first options you should consider if you have lost your job and want to continue your current health coverage is protection under the Consolidated Omnibus Budget Reconciliation Act, also known as COBRA. COBRA allows individuals to extend their current group health insurance policy coverage from their prior job in various circumstances, one such circumstance being the loss of a job. This Act provides individuals with an extension of health insurance coverage for a certain period of time at a certain specified premium.

If COBRA is not an option for you, another avenue to pursue when trying to find health insurance after losing your job is to obtain a new policy from another health insurer. Since you will undoubtedly be counting your pennies due to the lack of current employment, the amount of the premium will certainly be an issue and it may be difficult to find an extensive health insurance policy with reasonable rates. With that said, there are certain health insurance companies which cater to individuals in your situation and searching around may yield favorable results for you.

Lastly, if you find that the prior two health insurance options do not work for you, you can look into being added to a family member's health insurance policy. The overall premium of your family member will definitely increase and there may be some hurdles to jump over, such as those pertaining to pre-existing conditions and undergoing certain physical exams, but this provides a wonderful option should it be available to you.

Whichever option you may choose, be certain to shop around with various insurance companies in order to ensure that you are getting the most favorable premium and the health insurance policy that suits your needs.

Are you over 65?
Yes   No

Individual-Health-Plans is not a licensed insurer or agency. We provide free information about insurance companies, products and services; we make no representation, express or implied, of any sponsorship by or any other relationship with any company on this site. Products and services may not be available in all states and no guarantees regarding same are made herein. Quotes are provided through insurance brokers, agents, or other representatives who may or may not be able to obtain quotes from any particular company. We make no representation, express or implied, that a user will be able to obtain an insurance quote from any particular insurance company profiled on this site.

 
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KEY FACTS...

Did you know that common childhood sicknesses such as asthma and ear infections can affect mental and language development when left untreated? Don't let this happen to your child- apply for a health insurance plan for your family today! 1
Looking for individual health insurance? You're not alone. By 2015, healthcare costs are expected to reach $4 trillion. Safeguard your health and your wallet by investing in a health plan that's unique as you are. 2
Thinking about obtaining health insurance? The number of uninsured individuals increased from 44.8 million to an estimated 52 million in 2010. Don't be a part of this alarming statistic; get quoted on a health insurance policy today. 3

 

 

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