What Should Employees Do About Lost Job Health Insurance?

Unfortunately, millions of people have lost their jobs in the last six months. Job losses are expected to continue for many workers. Analysts estimate that many jobs won’t return. After losing a job, most people immediately wonder about their health insurance coverage. The coverage often ends soon after employment ends. Lost Job Health Insurance like COBRA insurance is often available to employees. However, they might not even realize this option exists.

Workers need to analyze their health care options as soon as they become unemployed. There’s a limited amount of time to workers to secure this type of coverage. If they choose this option, they’ll pay premiums out of pocket in order to maintain their group health insurance. Certain companies offer this type of coverage, which can be an excellent solution. For extended layoffs, such coverage can prove vital for the unemployed.