Stress-Free Health Insurance is Possible for the Newly Unemployed

More and more people are joining the ranks of the unemployed in the U.S., and few of them have the luxury of free health insurance.

However, the National Association of Insurance Commissioners recently issued some information for consumers who are trying to hold on to their coverage even in light of a recent job loss.

"Consumers can safeguard themselves and their families regardless of their employment situation by making sure they understand their coverage and researching less expensive alternatives," said NAIC president Roger Sevigny.

According to the insurance regulators' organization, some options for the recently unemployed include considering COBRA coverage, and, if applicable, joining a spouse's plan during the 30-day enrollment period provided for those who recently lost their own coverage.

For those who are concerned about the cost of COBRA coverage, the organization points out that the government is paying 65 percent of COBRA premiums for those who lost jobs between last September up through the end of this year.

The NAIC also advises consumers to research their eligibility for any government-sponsored plans or state-sponsored risk pools, or an individual health insurance policy with a high deductible. Nobody can expect free health insurance, but even the recently unemployed can get some peace of mind.

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