Navigation Links
7 Ways to Keep Health Coverage If You Lose Your Job
Date:3/17/2009

DALLAS, March 17 /PRNewswire-USNewswire/ -- Laid off? Don't panic. The following summarizes a new list of suggestions on how to maintain health coverage from the non-profit, non-partisan National Center for Policy Analysis. Authored by NCPA health economist and Senior Fellow Devon Herrick, Ph.D., the full article is not sponsored by any commercial entity, and is for your free and unrestricted use. Link to full article: http://www.ncpa.org/pdfs/Seven_Ways_Job_3-16-09-FINAL-A.pdf

Here are seven options you should consider as soon as possible after getting pink-slipped.

  1. Use it before you lose it. One of the first things you should do after getting laid off is ask the company HR person exactly when your employer-paid coverage expires.
  2. Stay in your employer plan by paying the (COBRA) premium. Be aware that you must accept and sign up for COBRA within 60 days or lose that option completely.
  3. Apply for the federal (COBRA) subsidy. Under the new stimulus bill, you may qualify for a 65% subsidy of COBRA costs for that first nine months.
  4. Choose a cheaper former employer plan. Ask your former HR representative if the company offers a lower cost insurance plan that would cost you less under COBRA.
  5. Join a spouse's or parent's health plan. However, you need to act quickly because federal law requires that you sign up within 30 days from the date of a job loss.
  6. Shop around for inexpensive coverage. There may be cheaper and better alternatives to COBRA, especially if you have no severe health problems.
  7. If uninsurable (because of pre-existing conditions) you may still be able to obtain insurance. 35 states have high-risk pools to insure those who are turned down by commercial insurers.

Ask questions and don't procrastinate past your 62-day window. Even high-deductible, catastrophic coverage may prevent years of financial medical debts.

Devon Herrick, Ph. D., is a preeminent expert on 21st century medicine, including the evolution of Internet-based medicine, consumer driven health care and telemedicine and medical tourism. As a health care economist, Dr. Herrick is a preferred speaker on health policy issues.

The NCPA is a nonprofit, nonpartisan organization whose goal is to solve problems by developing and promoting innovative, market-driven solutions.

Website: http://www.ncpa.org/


'/>"/>
SOURCE National Center for Policy Analysis
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. MAGNET Cooperative and Procurex, Inc. Announce Integration Partnership Streamlining the Healthcare Industry's Purchasing Process
2. Medical costs for one premature baby could cover a dozen healthy births
3. Researchers find sustained improvement in health in Experience Corps tutors over 55
4. Cardinal George Urges Catholics to Tell Administration: Keep Conscience Protections for Health Care Workers
5. MorseLife Launches Learning Institute to Teach Best Practices in Leadership, Healthcare and Kosher Culinary
6. American Heart Association Urges Congress to Accelerate Efforts to Enact Comprehensive Health Care Reform
7. Health Care Service Corporation Ranked as One of the Most Diverse Companies in the Country for 5th Consecutive Year
8. ADA Launches Community Dental Health Coordinator Program to Provide Dental Care in Underserved Areas
9. Convenient Care Association Forms Round-Table for Health Systems Operating Convenient Care Clinics
10. Houston Northwest Medical Center and Surrounding Community Will Benefit From New Lone Star College-North Harris Health Professions Building
11. First sister study results reinforce the importance of healthy living
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... AR (PRWEB) , ... October 13, 2017 , ... ... with locations throughout Arkansas that offers insurance and financial preparation services, is providing ... the Rock City Rescue organization. , Rock City Rescue is a locally recognized ...
(Date:10/13/2017)... ... 2017 , ... PurhealthRX , a leading Health and Nutrition Company, is ... to full spectrum CBD oil will revolutionize the rapidly growing CBD market by reducing ... easily incorporated into liquid products, while reducing costs to end users. , The team ...
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association (VNA) of Somerset ... of specialty vendors and unique items from across the nation, this holiday-themed event will ... services offered by the VNA. The boutique will be open Saturday, November 4 ...
(Date:10/13/2017)... ... 2017 , ... Coveros, a leader in agile coaching services ... by the Center for Medicare and Medicaid Services (CMS). The Enterprise Agile Transformation ... Agile methodologies in a consistent and high value manner across CMS programs. Coveros ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Planet Fitness, one ... U.S., announced today its plans to open a flagship location in Covington, LA at ... former Rooms To Go store next to Office Depot in the Holiday Square shopping ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... Sept. 22, 2017  As the latest Obamacare repeal ... Bill Cassidy (R-LA) and Lindsey Graham ... the medical device industry is in an odd place. ... the 2.3% excise tax on medical device sales passed ... want covered patients, increased visits and hospital customers with ...
(Date:9/18/2017)... Mich. , Sept. 18, 2017  PMD Healthcare ... Specialty Pharmacy of Kalamazoo, Mich. , ... hub service that expedites and streamlines patient and provider ... PD 2.0, and wellness management services.  ... device used to measure lung function for a variety ...
(Date:9/12/2017)... LAKES, N.J. , Sept. 12, 2017  Consumer reviews on ... Embrace Hearing as the number one company for hearing aids, ... ReSoundâ„¢ and fifteen other brands. ... Embrace Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that provides ...
Breaking Medicine Technology: