When You Loss Your Employer Supplied Medical Insurance

If you have just been advised that you are going to be laid off and received 30 days notice, it is time to take action. There are many things you must do when this happens. You will need to immediately update your resume' because your ultimate goal will be to find another job. You will need to obtain details about filing for unemployment insurance so that you will be receiving regular checks from the government once your paid salary is discontinued.

You should also take a look at your insurance benefits and decide what coverage you will still require. If you are currently covered through your employer than you will need to look into extending this coverage or replacing it. Now is the time to start exploring all your options.

C.O.B.R.A. (Consolidated Omnibus Budget Reconciliation Act), is in most cases an option for all those that are recently unemployed. It has been available to the unemployed for many years;although the cost has always been prohibitive. Since your employer will no long subsidize your medical coverage, C.O.B.R.A is unaffordable for many unemployed individuals. This is on the verge of changing, however, as part of the stimulus package that is being worked on with on Government. The Government has offered to pay 65% of the premiums for C.O.B.R.A. insurance for a specific period of time in the hopes that a person would find new employment during that time.

The government has considered an extension of this subsidy, yet many of the unemployed are not certain of where they stand at this time. They are aware that the extension has been granted, yet they still feel that they much hustle to find affordable health insurance for themselves and their family.

Affordable health insurance is the goal of our government today. They have yet, however, to devise a plan to provide this to the average citizen. Until such time as we actually do have affordable health insurance available, it will be necessary that every individual investigate his options and obtain the best possible policy for himself and his family.

It may seem difficult to find affordable health insurance, now a days, however there is a solutions. Utilize www.gohealthinsurance.com and you can obtain health insurance quotes from multiple companies at one time.