Health insurance coverage for jobless men and women may be available through certain healthcare plans which are tailored to cover policyholders in the case that high medical costs are incurred. These health insurance plans, which are known as short-term health insurance, have been used by unemployed workers over the past months as a way to cover themselves if a catastrophic emergency arises which necessitates high medical costs related to treatment.
Numerous men and women who have lost their jobs or have seen cutbacks at their place of employment may have been left without any form of healthcare coverage and, if a sudden medical emergency arises, this can put anyone in a very troubling situation. Obviously, major surgeries or accidents that necessitate long stays in a hospital or medical procedures which may be quite costly and can hurt someone’s financial life for years down the road.
For this reason, there are unemployed men and women, and self-employed individuals as well, who may use these short-term health insurance plans as a way to cover themselves during a time where they may not be able to afford or acquire some form of health insurance which can cover them on a wider scale. Short-term health insurance plans are typically not very beneficial for routine visits or checkups, as there are deductibles which can be beyond the costs associated with these minor medical expenses, but again, unemployed men and women who are seeking some form of health insurance may cover themselves with these plans so that excessive medical bills will not be a problem.
While there are various health insurance agents who can offer these options, advisers have often suggested that unemployed men and women shop around to find the most affordable short-term health insurance plan for their financial situation. There are arguments that these plans have been used because they can be cheaper than COBRA health insurance benefits and, again, allow an unemployed man or woman to avoid the possibility that if an emergency were to arise they would not be indebted for medical costs that are well beyond their financial means to repay.