Posted by Melissa C. on Tue, Feb 16, 2010 @ 08:50 AM
If you're unemployed, health insurance becomes an important matter. If you had a group plan at your old job, you may first consider COBRA coverage, which guarantees health benefits for people who've lost their jobs.
But COBRA rates are expensive because you are now responsible for paying the full amount for your healthcare coverage. Whereas when you were employed, your employer paid a significant portion of the cost of your group plan and you paid a much smaller amount.
So if COBRA is too expensive, there are alternatives. Over the next few blogs we'll take a look at some different individual health plan solutions.
Short-Term insurance is a great product to consider first. It's inexpensive and helps fill a temporary need. You can pay on a month to month basis for your coverage and often qualifying for coverage is a little easier. Since unlike COBRA, with individual health plans you have to qualify/be underwritten to be accepted for a plan.
Short-Term plans often have several different deductibles to choose from. If you take a higher deductible, it will really keep your monthly rate down, while keeping you protected from an unforeseen accident or illness. For healthy people on a tight budget, Short-Term health insurance is ideal.
You can get coverage starting tomorrow, by learning more today.