If you are unemployed, you both worry about the next paycheck and the health insurance. You will no longer be covered by the employer’s insurance if you are no longer working. There are few ways that you can cover your health cost if you are unemployed. You either opt for the government coverage or from a private provider.
Many private companies are providing the coverage for the people who a not imployed. There are different insurance plan that you can opt for. The primary benefit is that you choose the one that is tailored for your needs. The employer-sponsored health insurance tend to be more expensive than the one offered by the private company. The issues that are handled by the private insurance are less than the one provided by the employer-sponsored coverage. You also have a high chance of getting co-payment. If you have a preexisting condition, it will be hard for you to find a plan. Otherwise you are going to get at a higher payment. It is vital to make sure that you shop adequately to avoid the being overcharge.
For the people who are guaranteed that the transition of one job to another, they should consider the short term health insurance. The plan is ideal for the people who have less medical issues. The coverage will cost you less money. It will not cover those people who have a preexisting condition. The protection covers you for one year. However, you can only renew it for a maximum of two times. However, the regulation varies from one country to another.
Keeping the employer coverage is another option that you have. The COBRA health insurance will ensure that you are going to get the same coverage that you are used to. It is very suitable for the people who have a preexisting condition. You must be working in a company that has a minimum of 20 employees to quality.
You may also apply for the COBRA health insurance within 60 days. You will have to pay more money. When you are in the employment, employer contribute half while the employer contribute you. For the COBRA health you will pay the total amount. You will also be charged a small administration fee.
The government coverage is another option that you have. The program is mostly applied by the people who have modest income; you should research to determine whether you qualify. Different states have different criteria of qualification of this health coverage. There are some countries that only offer the insurance to only the people who earn twice the state poverty level. For the people who have a preexisting condition, the state will be ranked will classify you as a high-risk individual. The coverage will be more expensive than average.