"I have a new motto now because of you: From this situation, something good will come! You're a true godsend! I thank you from the bottom of my heart." -Jamie
Read More Testimonials»

On the Career Blog

Is Your Company Depressed?

Of all the business problems companies have, I think they become more magnified when the chief executive officers lose sight that their organization is made up of people. In my experience...

Read More About Is Your Company Depressed?»

Our Losing Your Job Experts

Richard Nelson Bolles

Richard Nelson Bolles

Renowned author of the What Color Is Your Parachute? Series

Shared by First30Days View Profile»
Bradley Richardson

Bradley Richardson

Business author, professional speaker and career development...

Shared by First30Days View Profile»
Tanya Flynn

Tanya Flynn

Communications manager at Careerbuilder.com

Shared by First30Days View Profile»

Meet all of our Career Experts»

News

The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Healthy, (Less) Wealthy, But Wise

Healthy, (Less) Wealthy, But Wise

Health insurance might not be on the forefront of your mind after a job loss.  Instead, wondering how paper clips traveled to the bottom of the desk drawer you’re emptying or chastising yourself for never throwing away a single piece of paper might seem more appealing than facing reality. Luckily (or perhaps not-so…) you have a lot of free time to analyze your options.

First, can you switch to the plan of a spouse or member of your family? If so, pump your fist in the air! What a sweet deal. Take him or her out to dinner (or might be best to save money and eat in).

Secondly, you can keep your current coverage going through COBRA. This reptilian acronym actually stands for Consolidated Omnibus Budget Reconciliation Act (don’t try to say that three times fast, it’s too hard). You have two months after your job ends to pick up COBRA. 

Premiums for individuals using COBRA are around $400, and the cost for families rises to $1,000, says Karen Pollitz, a Georgetown research professor. Only 20% of people eligible for COBRA actually use it, though. Perhaps that high price tag is a deterrent?

Other options for health coverage include trade groups, associations, and maybe even your church. Beware though, as individual policies usually don’t cover pre-existing conditions. Medicaid might be an option for low-income families with children.

Even if the strain on your budget seems too much, going without coverage for even a few months is hazardous and, in the wake of a health crisis, could cripple your financial future.

Any tips we overlooked?  Have you ever gone without health insurance, and if so, how many times did you look both ways before crossing the street? [AP News]

Posted: 9/17/08
SunnySide

I went without health insurance post-college and then I got diagnosed with a chronic disease. So yeah, lesson learned, to say the least. I was lucky enough to have tons of doctors in my family and worked my way around a looooot of expenses, but I don't recommend gambling like that.

LauraLee311

Yes, using COBRA certainly isn't cheap, but you don't want to go without health insurance if at all possible.