VisitorsCoverage logo
Travel Insurance

Can Layoffs Affect Your Health Insurance?

Can Layoffs Affect Your Health Insurance?

We’re all worried about the recent direction the U.S. economy has taken. Now, not only do you have to worry about your job security, but also the cost of your health insurance. Or whether you’d even have health insurance if you were to be laid off. Here are a few options in case you’re laid off:

1. Continue Group Coverage through COBRA

If you have employer-provided health coverage, upon termination you may have the option of continuing coverage through COBRA (Consolidated Omnibus Budget Reconciliation Act) at an additional cost. COBRA is a law which extends the company sponsored group insurance if for any reason your job was to be terminated. Though you can still have the same coverage, you usually have to pay the whole premium out of your pocket and it’s usually higher than what the company has to pay for it. For this option, you have to coordinate with your company’s insurance coordinator. This would be a good option if you or your family member is in the middle of a treatment for an existing condition. If not, check out Option 2 and 3 for cheaper and better alternatives.

2. Non-US Citizens/Visa Workers can Buy Temporary Health Coverage

In this grim economy and the daily news about layoffs, non-U.S. citizens can save hundreds of dollars by switching to a non-resident health plan where premiums can be as low as $36 per month. These plans are great if you need health coverage right away and don’t have time to go through the longer approval process for domestic individual health insurance like Kaiser, Blue Shield, or Anthem.

There’s no approval, no tests, no waiting period, no social security number requirement, or paperwork necessary for immigrant plans. Just apply online and get coverage the very next day. To qualify for these plans you have to have a non-immigrant visa. All you need is your passport number, date of birth, and name to apply.

3. Assess your Current Health Coverage

If you are a resident of California, you may get a low cost quality health insurance for as low as $45 per month. This is a good option for you if you are a resident of the U.S. and/or if you’re looking for somewhat longer term insurance.

If you have specific questions regarding your health coverage options after being laid off contact our Customer Success Team.


Related Articles

Getting the Most out of Your Travel Insurance

So, you’ve made the decision to buy travel insurance. This is one of the best…

I Have Travel Insurance, Do I Pay Upfront At The Pharmacy?

Many travelers to the U.S. are surprised when they have to pay upfront for their…

Do Not Rely on Free Travel Insurance Protection Offered by Credit Cards

Many credit companies may offer you “free travel insurance” or “ flight insurance.” But, have…

Infographics: Exciting Things To Do in Florida

Heading to Florida or thinking about planning a trip to the Sunshine State? Whatever you…

Ebola 2014: Information and Resources for International Travelers

With the current outbreak of Ebola in West Africa totaling at 1,603 reported cases, it…

Countries Requiring Their Citizens Buy Travel Insurance: Malaysia

While the government websites of every developed country recommend that their citizens obtain travel insurance…

Infographics: Travel Insurance Claims

Getting sick or injured while on vacation is unfortunate enough as it is, but racking…

Infographics: Things People Forget to Pack When Traveling

Have you ever packed your bags for a trip only to realize once you arrive…

What is Common Carrier Accidental Death Coverage?

Common carrier accidental death coverage is a travel insurance benefit that provides your beneficiary a…

7 spooky places to visit this Halloween

With the month of October comes the changing of leaves, a noticeable chill in the air…

COVID-19 Coverage for Visitors to the US

Although the COVID-19 outbreak has put a pause on worldwide travel, vaccine rollouts and easing…

A Parent’s Checklist for Successful Travel During COVID-19

If you’re traveling with your family and are anxious about travel in light of the…

Nine Tips For Safer Winter Holidays If You Must Travel

Updated April 26, 2021 The COVID-19 pandemic has affected holiday travel. Many people are understandably…

Is it Safe to Travel Internationally?

2020, the year of grounded flights, docked cruises, closed borders, and stay-at-home orders, was tough…

VisitorsCoverage Wins Awards for COVID Response

VisitorsCoverage receives a 2021 Gold Globee Award for Company Innovation of the Year and Bronze…

Disclaimer

Plan features listed here are high level, provided for your convenience and information purpose only. Please review the Evidence of Coverage and Plan Contract (Policy) for a detailed description of Coverage Benefits, Limitations and Exclusions. Must read the Policy Brochure and Plan Details for complete and accurate details. Only the Terms and Conditions of Coverage Benefits listed in the policy are binding.