Having health coverage when you’re in between jobs can help protect you should you need care. If you need medical care, a health insurance plan can provide coverage for eligible services. That means once you meet your deductible, you and your plan share the costs for your care. And under...
It’s true that these benefits might not be as robust as those offered to full-time workers, and they may have restrictions or limits on coverage. But employer-sponsored group health insurance plans still tend to be more affordable than plans purchased on the private market, especially when co...
Before delving into how health insurance works when switching jobs, it’s important to have a solid understanding of health insurance itself. Health insurance is a contract between an individual and an insurance company or provider that helps cover the costs of medical expenses. Health insurance pla...
Securing health insurance during a period oftransition between jobshelps prevent unexpected medical expenses. Reviewing available options can provide uninterrupted coverage until new employment begins. Here are three ways to remain insured between periods of employment: Continuing Current Coverage:. This opti...
It finds that various sources of health insurance are available to mitigate the circumstances where employer-sponsored health insurance is terminated when older workers lose jobs involuntarily. However, older displaced workers remain less likely to be insured than comparable nondisplaced workers by 7.6 ...
Known for being an expensive, short-term solution, COBRA was once the only option available to cover the health insurancegap between jobs. Finding a comparable individual or family policy on the open market used to be impossible or out of reach for most people. That changed with the passing ...
Since HSAs are owned by the individual, they can be maintained even if the remote worker changes jobs or transitions to a different employer. This feature is particularly advantageous for remote workers who may frequently change work arrangements or work for multiple clients. It’s important to ...
On the other hand, short-term health insurance is an affordable and flexible option for those with temporary coverage needs, such as gaps between jobs or waiting for ACA coverage to begin. Ultimately, it’s important to assess your health needs, financial situation, and coverage priorities to ...
We examine whether the decline in the availability of employer-provided health insurance is a phenomenon common to all jobs or is concentrated only on certain jobs. In particular, we investigate the extent to which employers have continued to provide health insurance on what we term reducing the ...
When I was first laid off in 2000, I continued my employer’s healthcare insurance coverage using COBRA for about a year, which was super expensive! Between 2001 and 2007 I didn’t have healthcare insurance at times, but for a few years during that period, I purchased a catastrophic heal...