Job Loss & Affordable Medical Insurance
By Tom Carolan

Visit our website for your free health coverage quotes. We make finding the best coverage a breeze! Get your free quotes today by visiting us at> www.BestHealthcareRates.com When you face job loss, reality hits hard and fast. Along with no more regular paychecks and an immediate future filled with searching for a new job and struggling to live frugally, there are other losses to consider. Often many aspects of our lives are tied to our work such as health care, retirement funds and possibly even a car. Dealing with changes concerning these things is an immediate issue that must be dealt with in a timely manner.

In regards to Health Coverage, COBRA or Consolidated Omnibus Budget Reconciliation Act provides for a continuation of group health insurance following the end of employment. This is a welcome relief for many people because it means that finding alternate coverage is less pressing than it would otherwise be. COBRA generally lasts for up to 18 months and is at the expense of the individual. While the group rate you had while working is still in effect, under COBRA you must pay the employee and the employer amount. For those whose company heavily subsidized healthcare, the amount may seem very high.

Many people blindly accept COBRA coverage and pay the high rates associated with it because they believe that the only option for Americans is through group coverage. These individuals spend much of their time off work seeking other employment that includes group. Many people will accept a lower salary in exchange for benefits such as health insurance. These people would be happy to learn that there are other more options available.

Employer sponsored group coverage is not the only way to get the benefits of group coverage if you are someone who needs the advantages of a group plan. If you happen to be a member of a professional association, an alumni group or any other organization, check to see if there is a group plan that you can join.

If you are healthy, you should check the prices for individual health plans. You will often find that individual health plans are less expensive than group policies. For the healthy, individual health insurance can be very attractive because the policies are not helping to cover the cost of care for someone who is less healthy. The only way to find out for sure whether your best option is group or a private plan is to compare prices for both.

You can find a variety of prices from top insurers offering health insurance coverage in your area by getting online quotes. It is the most efficient way to compare benefits and rates, and ensures you select your best option for your needs. It saves you a great deal of time because you can compare plans and rates from many insurers without having to contact each company individually.

Unemployment is hard enough without the added pressure of carrying the expense of your employers group health insurance plan. Take just a little time and figure out which type of coverage would be the best for your family and get a quote today.

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