Unemployed men and women often neglect to consider health insurance plans while they are jobless. Many feel that the cost of insuring themselves, especially while they are unemployed, are simply too high and not something that can be factored into their monthly expenses at the present time.
However, health insurance plans for unemployed individuals can be quite affordable, especially when it comes to short-term healthcare plans. An uninsured man or woman who is suddenly met with an illness or injury may incur medical costs that are simply unaffordable and, in some cases, could result in the individual repaying the debt they have acquired from medical care for years down the road or there may be instances where an individual must file bankruptcy.
While health insurance plans can be costly in certain cases, unemployed men and women who have been turning to affordable health insurance plans from short-term healthcare options are typically able to find low-cost health insurance. It’s been reported that many of these short-term health insurance plans for unemployed men and women are less costly than COBRA payments, which is something that can be beneficial for a jobless individual.
Short-term health insurance plans for the unemployed can be affordable, but it needs to be understood that these types of coverage options are usually only set to cover medical costs associated with a catastrophic incident. While routine doctor visits or checkups may have to be met out of pocket, in cases where a major medical procedure or treatment is required, these short-term health insurance plans have helped cover these costs and have allowed unemployed men and women to avoid paying thousands towards medical bills.
Unemployed health insurance plans do differ in some cases, but have become a viable alternative to either COBRA or simply remaining uninsured. Understandably, even at low costs, these affordable health insurance plans may be out of reach for some, but over the past months, unemployed men and women have had opportunities through these health insurance plans to cover themselves in the short-term in case a medical emergency arises which would necessitate medical treatment that may come at a high cost.