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It can be a harsh reality to have to cope with having a lapse in health insurance. This can sometimes happen due to a job loss or any number of factors that can affect our coverage. The best course of action is to weigh your options; especially if you have an existing illness or health issue that needs medical insurance at the present moment in time.
One way to take care of the gap in health insurance is to use the plan that is typically sent to you in the mail after you have separated from your company. This insurance is typically higher than what you would pay for a group rate plan but it will keep you within the same benefits you had before your unemployment or change in jobs. It is perfect for when you are starting at another company that may need you to wait 30 – 90 days after you’re hired before you qualify for health benefits.
While you may not have a lot of money if you have lost your job, it may worth it to keep the insurance up to date if possible. The premiums are often higher but it is much easier to cover than having no insurance at all; especially if an accident happens or an illness needs covering.
Check with your current plan if you expect a major change in your job situation. Be sure that there is some kind of “gap” insurance available if you are out of work or inquire about it when you need to but always have a plan in place.
