How to Get Unemployed Medical Insurance

Even if you are now unemployed, you can get medical insurance.

When you lost your job or first heard about impending layoffs, one of your first worries was undoubtedly about insurance coverage. However, there is no need to panic because you do have options; thus, take time to check into the situation. Following a few steps will guarantee a decent result.

Instructions

1. Talk with your company's HR director, who should have a complete package of information for you on COBRA and other unemployed insurance options. Your director may even be able to put you in touch with the company's private insurance rep who can often get you a great price on unemployed medical insurance.

2. Do not blindly sign up for COBRA. This kind of policy is often the most expensive form of unemployment medical insurance you can get, so make sure you explore your options before enrolling. Instead, call at least two or three private agents for quotes.

3. Check into discounts for which you may qualify. You can often get unemployment medical insurance discounts for being a member of certain trade associations or other clubs (like AAA), an alumnus of certain schools or being a chamber of commerce member. You may also be eligible for discounts if you have great health, so make sure to let the insurance agents know about your stellar medical history.

4. Ask how you can get a better price. Unemployment medical insurance agents know your budget is tight when you have just lost your job and are usually delighted to offer suggestions on how you can reduce your unemployed insurance costs; thus, be sure to ask.

5. Look for ways to earn more to cover the additional cost of unemployed medical insurance. Even if you cannot replace your full-time income, just bringing in a little extra money while unemployed will make things feel less tight and may make it easier to cover the costs of unemployed insurance.

Tips & Warnings

• Don't be afraid to ask for a better price. Your agent definitely will understand that money is tight and will not think any less of you. Therefore, ask what you can do to get the best possible price on unemployed medical insurance.

References

• "USA Today"; Health insurance options for unemployed beyond COBRA; Sandra Block; June 7, 2010