Affordable health insurance for the unemployed may feel impossible to find, but as long as you know where to look and have determination it is within your reach. Actually, self-employed individuals and individuals who are employed but arent offered employer-sponsored group health insurance can benefit from the much of the same advice.
The first step to finding affordable health insurance for the unemployed is to find out if youre eligible for COBRA. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) made it possible for individuals who are terminated, laid off, or transferring jobs to temporarily continue to receive group health insurance benefits. So, if youve just recently become unemployed for any of those reasons, referred to as qualifying events, contact your former employer for more information about your COBRA benefits.
The second step to finding affordable health insurance for the unemployed is to check into purchasing short-term health insurance. Short-term health insurance policies are designed with the unemployed person in mind, so rates are most likely within your budget. They can last anywhere from six to 12 months, so theyre perfect...