The issue of health insurance for unemployed individuals has been a concern for many over the past months as long-term unemployed men and women may have limited options when it comes to finding affordable healthcare options which can prevent them from acquiring high costs and medical treatment if a problem were to arise. Yet, there are further questions as to whether unemployed men and women should even seek healthcare coverage as many are living on a fixed income or relying solely on unemployment benefits as their source of income.
One of the main arguments in favor of health insurance for unemployed individuals is, obviously, if a sudden accident were to arise or a medical procedure needed, anyone who is uninsured will most likely drown in high medical costs as a result. Medical treatment, medication, or surgeries have often led many uninsured men and women to a life of financial trouble as they struggle to repay high costs associated with healthcare or, in extreme cases, some have had to file bankruptcy as a result.
Opportunities for short-term health insurance have been sought out by some unemployed individuals, as these plans can be quite affordable from month to month and will cover the policyholder in case a catastrophic event were to arise where, again, medical treatment was needed and may come at a high cost.
Yet, there are also opportunities for COBRA health insurance benefits to be used by some unemployed men and women, but these opportunities may have expired for the long-term jobless individuals still seeking employment. Also, for some, COBRA health insurance costs are simply too expensive as unemployment benefits do not provide enough income for many to meet all of their financial needs.
While there may be different options from state to state for unemployed individuals when it comes to healthcare coverage, there are those who feel that, even if health insurance is deemed as an unnecessary expense for unemployed individuals, it may still be something jobless men and women should consider in order to avoid potential high medical costs.
Obviously, an individual’s personal situation will heavily depend on the options for unemployment health insurance and the costs which can be met, but those who are in favor of unemployed individuals seeking a healthcare plan often point out that while monthly costs may seem unnecessary, the costs which will be associated with any medical care which is needed while an individual is uninsured will usually be more severe.