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Short Term Medical Insurance Policies For the Unemployed

Todays Date: December 12, 2018

When you lose your job, you often also lose affordable healthcare as well. Taking advantage of the COBRA plan that your company offers is usually very expensive. Instead, many unemployed individuals decide to purchase a short term health insurance plan that is typically cheaper.

It’s risky to be uninsured while you are unemployed. If you are sick or injured in an accident, any costs for medical treatment would have to be paid of pocket directly, which can lead to substantial debt that you can’t repay while unemployed.

Purchasing a short term insurance plan instead of utilizing the COBRA option is an affordable alternative. While a short term plan may offer less coverage than a COBRA plan, it does offer coverage for care received in emergency situations, including hospital stays.

Short term insurance includes plans that offer temporary coverage for those who don’t currently have medical insurance. In the event that you are laid off or fired, you can easily sign up for a short term plan with coverage becoming effective immediately. Due to the nature of these plans, those who want to enroll usually don’t have to wait for a lengthy approval process as with traditional insurance plans.

When you are unemployed, every dollar makes a difference. By selecting a short term insurance plan instead of paying high monthly COBRA premiums, you can rest assured that you will be taken care of in the event of an unexpected illness or emergency. Having this peace of mind during an uncertain time is an important benefit of being insured.

After you lose your job and have filed for unemployment benefits, take the time to research the short term health insurance options available for you. Be sure to compare costs and coverage for several plans, in order to find the best one for your situation.

You can find the most value for your money by purchasing a plan from a reputable short term insurance company. To find out what short term plans offer, research the companies and their offerings online. Ask any questions that you may have prior to purchasing a plan to make sure that you are getting the coverage that you need.

It?s stressful enough to lose your job, let alone having to consider how you’ll pay for unexpected medical situations. You can save time and money and spend more time looking for a new job when you are prepared with a short term health insurance plan.

Dan Miller often writes about short term insurance.

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