Medical Insurance For The Unemployed
Medical insurance for unemployed persons can be easily purchased. Many of the nation’s top carriers offer medical coverage that would be ideal for anyone unemployed or between jobs. Many low cost plans are designed to keep rates within reason and allow individuals or families to cancel coverage at any time. Coverages can also be tailored to meet just about any situation, whether the need is for a month or much longer. Of course, Medicaid may be available in certain situations. Also, medical insurance for people with bad credit is also available.
We are specialists in providing free comparisons of the nation’s best health care policies. We show you quality plans that are popular for persons that are between jobs, without coverage or not presently working. The policies found on our website feature the lowest rates from each insurer. We never charge any fees and you can always communicate with a “live” person instead of computer-generated email responses. And of course, if you’re out of work, it may only be temporary, so easy cancellation of your policy is always a major benefit.
In many situations, the best type of medical coverage for a person that is unemployed is a “short term” policy. Premiums are substantially less than comprehensive plan rates and policies are often approved within 15-45 hours. Although pre-existing conditions are not covered, in-hospital, outpatient and catastrophic benefits are included, which is often the type of policy preferred by the unemployed. Flexibility is one of the strongest features of a temporary health plan. There are many coinsurance and deductible options that allow you to pay the premium you want. And cancellation of coverage is simple and can be done at any time.
A “short term” policy is also very easy to find. Most insurers offer this type of plan and make the process easy to obtain or terminate coverage. For example, if the insured is suddenly called back to work after only having the policy for a few weeks, a refund will be credited for the portion of the coverage that was not used. However, most carriers only allow two consecutive policies, so if additional coverage is needed, a different company will have to be used. We’ll be happy to help you if that situation arises. Typically, there will be between three and five companies that we can use. However, if a major health condition has arisen, rates will dramatically increase.
Plans that cover office visits and prescriptions are also available for individuals and families. Although rates are higher, the coverage will closely match group coverage that may have been recently in effect. Office visits are usually covered with a small copay (often $15-$40) and prescription coverage will provide benefits with low or shared cost. Non-brand prescriptions can be extremely costly so it’s imperative that this benefit is included in the plan. Usually, there is no cap on the dollar amount of prescriptions paid. Blue Cross Blue Shield, Aetna and UnitedHealthcare are three of the major providers of comprehensive plans.
Preventive benefits such as routine annual physicals, mammograms, and OBGYN visits are generally included with no waiting period or out-of-pocket cost. This feature is often very beneficial if coverage remains in force for a lengthy period of time. Each year, preventive benefits can be utilized. Even after an individual becomes employed, a comprehensive plan can be kept until age 65 with no risk of cancellation because of change in health. If the rates are quite high on a plan that is offered through a workplace, keeping your own coverage might be a great option.
Recent health reform changes are not likely to have a significant impact on unemployed persons. Cobra options, although expensive, are still available and advisable for those with serious medical issues. Individual plans are usually a less expensive option if you can medically qualify. There is sometimes a small risk to consumers if a carrier “pulls out” of the state where you live. For example, Aetna stopped offering individual coverage in Indiana, although very few customers were affected.
We’ll be happy to assist anyone who has questions regarding medical insurance for the unemployed. Feel free to view free quotes by entering your zip code at the top of the page. You are under no obligation and you can view plan choices at your own pace.
