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Health Insurance For The Unemployed Posted By: William Gabriel

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Is it possible to get health insurance for unemployed? Yes it is but you must look into the previous health insurance offers of the company you worked for. Some companies can protect terminated employees through the COBRA (Consolidated Omnibus Budget Reconciliation Act) mandate. He COBRA states once an employee has resigned or was terminated are still eligible in getting Health Insurance Benefits from the company within the next 18 months. But, you still have to pay the premiums to your company and since you are not an employee anymore, you will pay more. Not all companies fall under the COBRA, some might be too small of a company causing the terminated and long term unemployed employees to be excluded in the COBRA mandate. In addition, only 7% of the unemployed can afford to continue the COBRA because it is becoming more expensive. So what are the other health insurance for unemployed can they apply for? First is to apply for an individual health insurance. Getting a private insurance might be cheaper for you instead of paying the premiums to the group medical insurance in your company.

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