Getting Affordable Insurance When You Are Unemployed
When you are unemployed, securing affordable insurance can seem like an impossible endeavor. But, doing your due diligence and knowing where to look, you will find there are no lack of options available to you. The same advice would actually be given to those self-employed and individuals who are actually employed. A good first step to would be to check and see if you are available for COBRA (The Consolidated Omnibus Budget Reconciliation Act of 1985) . This act allowed for continuity of insurance benefits for those that have a lapse in employment (terminated, laid off or getting transferred). So, if your lapse in employment was the result of any of these reasons, also known as qualifying events, you should contact your former employer about COBRA benefits. Another option for the unemployed would be a short-term health insurance coverage. Short-term health plans are made affordable as they are specifically tailored for the unemployed person. The policy duration is ...