• Short Term Health Insurance Blog

  • Monday, November 20, 2017

  • Between Jobs in Colorado? Short Term Health Insurance Offers an Affordable Solution

    Filed Under: Blogging
Are you finding yourself between jobs in Colorado? In this difficult economy, you are not alone. Many Colorado residents have been left without jobs due to economic difficulties, while others have found new employment opportunities because of vacancies created elsewhere. If you are transitioning between jobs, you will find short term health insurance in Colorado to be very useful.

There are two scenarios in which short term health insurance in Colorado is especially useful to people transitioning between jobs. The first is for people who have been temrinated from their positions. Like most Americans, your health insurance is probably provided by your employer through their group health plan. So when you lose your job, you also lose your insurance coverage. Employers are required by law to offer you COBRA, an alternative insurance plan that allows you to maintain your same level of insurance, but does so with much higher premiums and administrative costs. For someone who has lost their source of income, COBRA is not necessarily a great option because of the cost.

The other situation in which you may want to pursue short term coverage is if you have voluntarily left your job for another one, but your new employer does not immediately issue health insurance. Paying for an employee's health coverage is very expensive, so often an employer will make a new employee go through a 30, 60, or 90 day probationary period before they can be insured. So you will need some sort of protection while you wait out that period.

This type of insurance is perfect for either situation. It gives you and your family access to high quality health care without COBRA's expensive premiums or costly administrative fees. It covers a variety of needs, including inpatient care, outpatient care prescriptions, emergencies, and more. And it can be purchased in shorter increments than many other plans, so you do not have to lock yourself into a year's coverage when you only need a month's. It is truly a convenient and affordable solution for Colorado residents between jobs.

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