Tip - Stay Covered After a Layoff

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