jobs in insurance field

In addition to the termination of the main source of income, jobloss can further impact on your health insurance. You must decide what to do about health insurance if your employer has for your reporting.

The temptation might be, without it to save money, hoping nothing widerfährt you before you start a new job with insurance. However, this would be a mistake. Even the young and healthy can suffer broken bones or a sporting accident and rack up steep medical bills.

What other options are there? For the Americans, if you lose a job, you have certain insurance rights under federal and state laws.

You have your options. First, the "spouse's benefits." Do you have a spouse, the insurance at work? If so, under federal law, you can log in to your spouse to the plan, even if it is not open-enrollment period. You have up to 30 days to get to the left if your job voluntarily, it is more in some states, depending on the circumstances.

This could be the best choice. Employer plans tend to offer more generous benefits than individual policies, and the employer usually picks up a large part of the tab. Plus, there is no medical underwriting in group plans, so that health problems may not prevent you, said Brenda Wilson, head of health and managed care at the Maryland Insurance Administration.

Also available is "The Cobra", the federal law (Consolidated Omnibus Budget Reconciliation Act) that states that you must have the option of coverage under the former employer for up to 18 months after leaving the job. It applies to companies with 20 or more employees. You will not qualify, but if you were fired for "gross misconduct". "

Cobra is the easiest way, and one that many people choose. If you do not plan to a spouse Cobra is also the ideal solution if you have health problems which make it difficult or impossible for you to purchase a policy on your own. But the insurance under the Cobra is not cheap. You will pay the full cost of the premiums and may be an administrative fee.

In some states you are entitled to purchase an "individual conversion" policy from the insurer, your former employer plan, regardless of your health. Benefits under these conversion policies are typically stingier than what you had before, and the premiums are higher, said Wilson. "" It would not be a good option if you have other options, "she said.

If coverage through Cobra is too rich for you, do not assume that you can not afford insurance and must be done without them. Perhaps you can find cheaper coverage through the purchase of an individual for yourself and your family.

Insurers are questions about your health to determine whether to sell a policy, at what price, and what range could be excluded.

Once you create the conditions for a policy that they can not be canceled unless you are reporting or at the policy of lifetime benefit CAP, which often runs $ 3 million to 5 million U.S. dollars, said Samuel Gibbs, Senior Vice President of Mountain View, California-based eHealth Inc., which owns online broker eHealthInsurance.com.

Gibbs said the price difference between a Cobra and an individual policy. Last year, the average cost of $ 148 per month for a single person, compared with $ 380 under Cobra. A policy for a family average of $ 344 per month, compared with $ 1029 under Cobra. Cobra Premiums are usually higher because employer plans advantages, said Gibbs. In order to reduce costs, only buy the coverage you need, "he said. A healthy 22-year-old men, for example, can be used without maternity coverage, or medication, he said. When shopping for two or three insurers and then to two or three measures within each of them, Gibbs said.

Sofia is the author of several articles on health insurance. It is well known for their expertise on this subject and on other Business and Finance related articles.