Losing a job is stressful and depressing. Moreover, after losing your job, you will also lose your health insurance provided by your employer. In another words, you are having a higher risk to bear high medical cost when you fall sick or get injured. In order to minimize this financial risk, there are ways for you to maintain your health coverage even when you are retrenched.
First of all, make use of the law. The US government has announced that the employees have the right to extend their health insurance after they lose their jobs under COBRA. The coverage can be up to 18 months.
Secondly, if you are married, you should check with your spouse who is currently working to find out whether he or she has access to medical coverage. If yes, your spouse can initiate coverage and include you immediately.
Thirdly, do not hesitate to take proactive action by exploring the Organization Insurance. In your social life, you may join some clubs, unions, religious groups, etc. Ask around in the groups to explore some possible options on healthcare plans.
Last but not the least, for people who have savings all the time, you are reminded to consider private medical plans. It is not necessary for you to obtain expensive plans during global economy crisis. You can look for high deductible policies in the market which provide the best deal.
Losing a job is not a big deal. You can still enjoy quality health care service by using the smart ways mentioned above to maintain your health insurance.