Answers for the Unemployed and Uninsured People
Best health insurance for unemployed: Most people of America get their health insurance from their employers itself but then what about those who are unemployed. Around 14 million jobless people have to take desperate measures. Before purchasing insurance, here are few tips to get in mind:
- Get the details:
Health insurance system is very confusing and complex so that before enrolling in a programme, check all details and get acknowledged with all options. First thing to decide is which coverage needed and make a realistic assessment of how much you can afford to spend for coverage. Plan should be such type that covers all need and also fit to budget, especially for unemployed.
- Don’t Let Costs Scare You Away From COBRA:
Consolidated Omnibus Budget Reconciliation Act (COBRA) is a health benefit provision launched in 1986. Many people thought that it is costliest but many times it may be most comprehensive. The average monthly cost of COBRA is $400 for an individual and $1,000 to $1,200 for family coverage. It allows keeping former employer’s health insurance benefits up to 18 months which rise up to 36 months in some situations. But it becomes little expensive because a person have to pay for both contribution.
- Think Short Term:
If you are not qualified for COBRA then search for other programmes like Centers for Medicare & Medicaid or State Children’s Health Insurance Program available in every state. Plans are available from one month to 20 years. Go for a short term insurance so that you don’t have to pay when you get a job. Policyholder even can return his unused portion of life insurance to insurer.
- Go for High Deductible Plans:
Many people even don’t know the meaning of deductible. It is better to choose high deductible programme that starts from $500 to $10,000 per year. Shop around and know what is covered, what is just as important and what is not.
- Pre-Existing Conditions:
Sometimes it creates a problem when a person does not qualify for an individual plan because of medical issues. Visit the Insurance Department or federal government’s high risk, pre- existing condition pool website www.pcip.gov, to determine plans available in states.
- Negotiate Like the Big Boys:
Negotiate with insurance provider which will save up to 30% cost on medical bills. Talk to doctor or billing department of hospital to provide a discount by paying up front or installment payment plan. Do not compromise with quality of treatment.
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