The rising unemployment in the United States is causing a grave issue when it comes to health insurance. While many Americans receive their health care benefits as a result of employment, not to mention other insurance benefits such as life insurance and accidental death insurance, many are finding themselves unemployed with a decreased income and without the money or resources to insure themselves or their families.
Although those that are unemployed can always purchase a private medical coverage plan, this is a very expensive option and many are forced to decide between medical coverage or food on the table. Although the majority of unemployed Americans receive some sort of financial unemployment assistance, however this is a significant decrease from the income that they were once bringing home, therefore it is not sufficient enough to provide for living expenses, bills and medical coverage.
Now perhaps you have heard of COBRA and believe that those who become unemployed can maintain health insurance coverage through this government instituted health plan. Well, while this is actually true the problem is that the COBRA plan costs a lot more for the same level of insurance coverage because the company doesn’t supplement any of the premiums. Essentially this causes the cost of their health insurance to double.
There was a short period of time when the government supplements the COBRA plan, however many were unaware of this additional funding. The majority of those that were aware, still found it to expensive to purchase a medical coverage plan. This should tell you a little something about how much medical coverage for these individuals can be.
There is an option for the children, in these low income families, to receive medical coverage through Medicaid. Medicaid will cover the children of these families, however it still leaves the adults without any coverage for themselves. This had lead to many unemployed Americans to feverishly look for employment at a company that can provide them with medical coverage, despite any decrease in the salary they were once earning.
If you are attempting to obtain quotes on individual health insurance plans go to www.gohealthinsurance.com. They will offer you quotes from various medical insurance companies, which provides you the chance to find suitable and affordable coverage.