How to Find Health Insurance When Unemployed

With the rising cost of health care no one can afford to go without health insurance, especially while unemployed. If you suddenly loose your job you will be faced with the task of finding health insurance for both you and your family. Read and follow the steps below, and learn how to find health insurance when you are unemployed.

Instructions

1. Apply for COBRA (Consolidated Omnibus Budget Reconciliation Act) which offers temporary health care coverage if your work hours are reduced or you become unemployed. Eligibility is based on "qualifying events" such as termination, layoff and other circumstances.

2. Explore your state and city health programs. Health care coverage policies vary by state and can cover medical and prescription costs.

3. Investigate if you are eligible for Medicaid. Eligibility is based on a number of factors including age, current health, income and personal assets. Contact your state Medicaid office for additional information and application.

4. Check your eligibility for the Health Coverage Tax Credit (HCTC). It is designed to help those 55 and over and receiving benefits through the Pension Benefit Guaranty Corporation (PBGC).

5. Ask your Physician for additional information. They may be able to give you advice and resources that are not common knowledge.

6. Search online for health coverage plans and programs. State, local and national health care programs can vary by location.

7. Purchase health care coverage through a health insurance agent. Many insurance companies offer low cost temporary and long term health insurance for individuals who have low incomes or are unemployed.

Resources

• COBRA Insurance Information