Mar 19
Tips when you lose your health insurance
I’m not a heath insurance expert, but I do recognize that economic times are tough and many are being layoffs. As a result many people are losing their health insurance coverage.
Hopefully, your spouse or partner is still working and you can qualify as a dependent on his or her plan. However, if this isn’t an option, you use COBRA. COBRA is available for 18 months after loosing your employer health coverage. COBRA allows you to keep the health plan that your employer used to provide as long as that plan still exists. If your employer is still in business and offering some health insurance to current employees you can usually qualify.
If you can’t afford COBRA, try applying for Medicaid or Medicare. Almost every state has a local Medicaid office and toll-free numbers. Each state is different but Medicaid allows low-income and eligible people to qualify to have their medical bills paid directly. Some still require co-payments.
Finally, ask your doctor about reduced fees or treatment and drug options for those with lower income or no health insurance.
If you lose your group life insurance plan and need affordable life insurance, contact us and we’d be glad to help find a plan that’s right for you.
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March 23rd, 2009 at 5:46 am
It’s good that there’s so many options for people who lost their health insurance. With prices for coverage lately reaching sky high amounts, it’s hard to keep up with taking care of your health and your family’s as well… Thank goodness that stuff like Medicaid, COBRA and senior citizen benefits are around to keep options open.