Health Insurance for Unemployed
Our insurance agents can help find the right plan at the right cost.
Learn more about insurance for the unemployed
People who are in the job market know how important it is to keep health insurance costs low. Why send an insurance company more of your hard earned dollars than you must? The friendly agents at QuoteJuice will offer you ways to save on health insurance.
So, what are your alternatives? If you had group health insurance through your former employer then they usually must offer you the right to continue your health insurance for a certain period of time. You may find this to be pretty expensive coverage. Forms of continued coverage include:
- COBRA coverage – COBRA coverage is a Federally-mandated coverage for employer groups with at least 20 full-time employees. When a person loses their active group coverage the employer typically must allow them to continue the group plan for up to 18 months, but they will have to pay the full premium cost. Contact your former employer’s HR department for more information.
- State continuation coverage – Many states have a law similar to COBRA that applies to employer groups with less than 20 full-time employees. The maximum benefit period varies state-to-state. Here in Georgia, state continuation coverage is allowed for up to three additional months. The former employee pays the full premium. Contact your former employer’s HR department for more information.
- Individual conversion coverage – Certain employer sponsored group health insurance plans include a provision (individual conversion) that may allow the former plan participant to “convert” the group coverage to an individual policy. This may be a good alternative for someone who cannot qualify for an individual health insurance plan because of pre-existing conditions. Benefits under an individual conversion policy are usually much different than the group plan – and they are often much more expensive. But, you may find an individual conversion policy to be a valuable safety net. Review your former employer’s plan document or certificate of insurance for more information. You may also want to call the insurance company and ask if your policy includes “individual conversion” coverage.
As an unemployed individual you may have other options as well:
- An affordable individual health insurance plan – That’s where QuoteJuice can help. It’s our job to give you some easy-to-use tools so you can compare individual health insurance plans from leading medical insurers. Our licensed agents are ready to answer your questions and walk you through the application process.
- Your spouse’s health insurance plan – You are generally allowed to be added to a spouse’s group health insurance plan as long as you apply for coverage within 30 days of losing your prior group health insurance plan.
- Your new employer’s health insurance plan – Yeah! You found a job! Often times your new employer will offer group health insurance and subsidize your monthly premium. Educate yourself on the quality of benefits, the premium costs, and when you may join the plan. Compare these to other alternatives you have. As always, feel free to call us. We’d be happy to give you a hand.
Affordable Georgia Health Insurance for Unemployed
What are you waiting for? Run a quote and compare health insurance plans. Never forget that you can call us if you have any questions.