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One of the unfortunate effects of the economic difficulties experienced across the world has been the massive loss of jobs. More people than ever have found themselves transitioning between jobs. But just because your employment status changes does not mean your need for health care does. COBRA is the most common way for unemployed people to receive health care, but it is not necessarily the best way.
For many people, COBRA is the only type of COBRA insurance alternatives citizens they know. However, other choices do exist, and quite often they provide a more cost-effective alternative.
Known as temporary health insurance or short term health insurance, it will make sure that you and your dependents are covered in the event of an emergency. After all, if you are in-between jobs then you certainly do not have additional funds to pay for the expensive fees associated with health care.
The common mentions of COBRA coverage by your employer may make it seem easier to obtain, but there are actually many drawbacks to using it. Chief among those is cost, because COBRA coverage includes high premiums and administrative fees. So it makes sense to find health insurance for unemployed.
These high fees will absorb any savings you may have gained while visiting the doctor. You could even wind up paying nearly as much as you would have without insurance. However, you will not be subject to this expensive fees under a short term health insurance plan.
The Internet makes for a great place to research and purchase health insurance for unemployed. You can research and compare policies and print your coverage documents from your own home office.
Afraid that by signing up for health insurance for unemployed, you will be locked into an agreement that is longer than what you need! Do not worry, because you only need to buy this coverage for the specific amount of time you need it. So you will not be paying for coverage you do not use.
No matter your reason for employment transition, your need for temporary insurance will be better fulfilled by short term health insurance than COBRA. You can avoid high premiums and expensive administrative fees,while paying only for the length of coverage you really need.
Dan Miller frequently writes about short term medical insurance
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