8/18/2021
Health Insurance Options for the Unemployed | Roger Stanmore MD, JD | Physician and Business Owner
Roger Stanmore MD, JD | Physician and Business Owner MEDICAL INDUSTRY BLOG
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Health Insurance Options for the Unemployed August 17, 2021 by Roger Stanmore MD, JD (Edit)
Dealing with the possibility of unemployment is bad enough. Not having any income is very stressful, since you have no money coming in. Further complicating matters is the loss of any associated benefits, which often includes health insurance. However, there are options, and knowing the best health insurance for the unemployed means you have a chance at getting great coverage even when you’re out of work and looking for gainful employment. When you lose your job, you have several options in terms of health insurance to cover you while you are unemployed. The federal COBRA program will likely contact you through the mail, letting you maintain your current healthcare if you shoulder the full burden of the costs involved with the plan. This lets you keep the coverage you have at the end of your employment, but it can also be very expensive. In most cases of unemployment, you’ll wind up with a special window to get coverage through the federal health insurance marketplace. This window is usually only open for 60 days when it’s not the yearly period for open enrollment taking place from November through December. However, you can peruse many different plans available through the exchanges, and depending on your income level in a previous tax year, you might even qualify for credits that might apply towards rogerstanmoremdjd.com/health-insurance-options-for-the-unemployed/
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