How to Stay Insured After a Layoff

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Tip 1 - Stay Covered After a Layoff

Published: 9 years, 8 month(s) ago | Submitted by Leigh Leshner | permalink

Most people are hit with a double whammy when they're laid off: Not only do they lose their income, but they also lose their employer-subsidized health insurance. The federal law called COBRA lets most people continue coverage with their employer's plan for up to 18 months after they lose or leave a job. And you can't be denied coverage or charged a higher premium if your health is poor or you have a preexisting condition.
Tags: health insurance after layoff

For further reading: http://www.kiplinger.com/article/insurance/T027-C000-S002-stay-covered-after-a-layoff.html ^[1]