Coventry Health Insurance of Georgia (GA) | Health Insurance Georgia | Now that you're Unemployed, What are you Going to do About a Health Insurance Georgia Policy?

Health Insurance Georgia for Unemployed

Now that you're Unemployed, What are you Going to do About a Health Insurance Georgia Policy?

Unfortunately, many Georgia residents are being released from their employment. Although unemployment has decreased this past year, it is still higher than the national average. Since approximately 60% of the Georgia population obtains their health insurance Georgia benefits as part of their employment compensation package, being terminated can result in a lapse in coverage. Going without a health insurance Georgia policy is really not an option for a number of people. Many Georgia residents recognize the value and importance of having all of their family members be covered by a health insurance Georgia policy, not just in case of an emergency, but also to prevent illnesses or injury. Therefore, figuring out what to do about continuing health insurance Georgia coverage is one of the first priorities for a head of household who has recently become unemployed.

Purchasing an individual health insurance Georgia policy is always an option for someone who does not receive health care benefits through their employment. You can buy an individual health insurance Georgia policy that will cover both you and your family from any national insurance carrier. There are seven health insurance Georgia providers that offer products specifically to Georgia residents. Contact any one of these companies, or a local, independent insurance broker for information about rates and plans. The seven health insurance Georgia companies are Aetna, Blue Cross Blue Shield of Georgia, Cigna, Coventry, Humana, Kaiser Permanente, and United Healthcare. You can purchase health insurance Georgia policies from other companies also, if you wish.

The other option for health insurance Georgia coverage to a recently unemployed person is commonly referred to as COBRA. The Consolidated Omnibus Budget Reconciliation Act (COBRA) provides workers with the right to continue to be covered by their group plan health insurance Georgia policy. Certain criteria must be met, such as the reason for needing to continue benefits must be due to voluntary or involuntary job loss, reduction in work hours, death, or other major life events. Although some employers will subsidize a portion of the health insurance Georgia COBRA plan, most individuals are required to pay the entire premium, and possibly an additional 2% to cover administrative costs.

Businesses with twenty or more employees who offer group health plans are required by COBRA to give terminated employees the option of continuing the coverage. This helps workers not have a lapse in their coverage, which could later affect their ability to apply for a new health insurance Georgia policy if there was some kind of medical problem, illness, or injury, which could be classified as a pre-existing condition.

If you have recently become unemployed, check with the Department of Labor, or your human resources offer, to find out what you need to do to apply for COBRA. Although it sometimes takes a little while to do the paperwork and administrative tasks required, your health insurance Georgia coverage will be retroactive to the day you became unemployed, and your family's medical services will be covered. Employers are required to give you information about your COBRA options, and you are expected to fill out the necessary paperwork. COBRA coverage can continue for as long as eighteen months, or maybe longer if there are special circumstances

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