LAS VEGAS - nvtip -- If you have recently lost your job or murmurs of downsizing are heard across your workplace, your first thought probably has to do with how you will keep up with your bills while seeking new employment. However, according to the Kaiser Family Foundation, about half of Americans, including nearly half of Nevadans, have health insurance through their employer.

While going without health insurance is always a big risk, it is particularly dangerous in the middle of a public health crisis. For those who have recently lost their jobs, there are several options that enable them to maintain health insurance coverage.

Five Health Insurance Options for the Recently Unemployed

COBRA Coverage

Depending on your former employer's policies, you may be able to extend your current health insurance plan through the Consolidated Omnibus Budget Reconciliation Act, or COBRA. However, this option is cost-prohibitive for many. While you are employed, your employer pays a significant portion of your monthly premium. If you choose this option after losing your job, you pay the full amount of your premium, along with a potential 2% administration fee.

More on nvtip.com

• Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
• 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
• Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
• DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available
• Nespolo Mechanical Helps New Mexico Families Save Thousands on Heating Costs This Fall

Silver State Health Insurance Exchange

Losing health insurance due to job loss is a qualifying life event that opens a Special Enrollment Period to choose a plan through the Silver State Health Insurance Exchange. During this time, you can select a comprehensive health insurance plan similar to the one that you have through your employer. You'll only have 60 days from the date of your "Life Event" (losing group insurance coverage) to act, so it is important to act quickly to avoid being ineligible to enroll into a "qualified health plan" that covers pre-existing conditions. This may be a very economical option, as you may qualify for a federal subsidy (financial help) to lower your monthly premium.

Read the full article: https://www.nevadainsuranceenrollment.com/health-insurance-options-for-laid-off-workers/

More on nvtip.com

• Gig Workers on Netverse Will Enjoy Maximum Flexibility and Direct Control Over Their Pricing and Scheduling, All While Earning Rewards From Phinge
• DevLearn Returns Featuring Signature DemoFest and a New, Major Learning Tech Meetup
• Leading Digital Finance Platform YNQTL Launches Revolutionary Web3 Digital Asset Trading Platform
• IDCXS Addresses Crypto Trading Pain Points with 2 Million TPS Processing and Multi-Layer Security Architecture
• Bridging Traditional Finance and Web3 Innovation: BLFCW Announces Strategic Vision for Regulated Web3 Economy

Learn more: https://www.nevadainsuranceenrollment.com/individual-family-health-insurance/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com