Health Insurance Options For The Jobless
One of the most significant challenge confronting our nation is the international transfer of jobs. With this type of swift transfer of job opportunities from the United States to foreign nations, many individuals have found themselves losing their employer paid medical insurance plans. Many of these individuals, already experiencing significant economic hardships, have found it difficult to continue their medical insurance plans under COBRA laws. Thankfully, there are more competitively priced temporary health insurance plans readily available for these people.
In the past, short term health insurance plans were mainly designed to furnish catastrophic coverage. Times have changed and modern day policies provide individuals and families many different personalized health insurance solutions to satisfy their specific insurance needs. New short term medical insurance policies often combine coverage for normal routine office visits in combination with prescription drug coverage. These policies can provide significant safeguards from the financial risks associated with a major medical condition, while still allowing access to affordable routine health care services.
Temporary health insurance policies can be acquired from independent insurance agents. Even though this offers added convenience, many individuals will find it more cost efficient to obtain a medical insurance policy straight from an insurer. As an example, insurers like Kaiser Permanente sell short term health insurance policies directly to the public. This effectively eliminates the intermediary markup in fees which ordinarily happens when purchasing from an independent insurance broker.
Because the jobless problem in the United States is still not under control, it is very important that individuals consider the amount of time they might be jobless for prior to selecting a temporary health insurance plan. Realistically, it may take over a year for someone to land a job in the current market. And with new employee polices, it could take an additional half a year before a new worker becomes eligible for an employer backed health insurance plan. For this reason, it is wise to budget for a couple of years of insurance premiums when choosing a short term health insurance policy.
Even though unemployment is a challenging problem for families to address, it is vital that everyone has the means to access affordable health care. And while continuing health insurance coverage through the Consolidated Omnibus Budget Reconciliation Act is an outstanding option, there are less costly short term medical insurance plans readily available for those that have to save as much money as they can.