Health Care Coverage Options For Unemployed

3 min read

Article Banner

Losing a job is one of the most stressful experiences that a person can go through, and the possibility of losing health insurance only adds to this stress. However, there are several healthcare coverage alternatives that people can still qualify to access even after being unemployed. This blog will explain the different health insurance options for the unemployed.

Health Insurance Options for the Unemployed

Choosing health insurance after losing a job is not easy. However, it is possible to make the right decision and find the most affordable way to get health care coverage for unemployed with the correct information. Given are a few health insurance options that you can utilise:

1. Employer-Sponsored Health Insurance Continuation

Some employers allow employees to avail of the existing health insurance policy for a certain period after their termination. This can be achieved by directly paying the premiums to the insurance-providing company.




Former employees of companies offering continuation


Typically, 3-6 months


Full premium paid by the individual


While this option ensures continuity of coverage, it can be expensive as the individual must pay the full premium. You can also get COBRA continuation coverage, which is a programme that lets you maintain the health insurance plan you had with your previous employer for a certain period of time.

2. Individual Health Insurance Plans

It is possible to get health care coverage for unemployed people by purchasing an individual health insurance plan. These plans can be tailored to the particular healthcare requirements of the individuals and their budgets.




Open to all individuals

Coverage Options

Various plans with different coverage levels and costs


May vary based on age, health condition, and coverage level

Individual plans can provide comprehensive coverage and peace of mind, but it's essential to compare different plans that are affordable health care for unemployed individuals, to find the most suitable one. To get affordable individual health insurance, consider these cost management strategies:

  • Premium Tax Credits: The Affordable Care Act (ACA) allows people with moderate to low incomes qualify for the premium tax credits, which reduces the monthly premium amount.
  • Subsidies and Assistance Programmes: Several states also provide extra programmes and support for enrollees who have low incomes to help them purchase health insurance.
  • Health Savings Accounts (HSAs): A high deductible health plan (HDHP) combined with an HSA enables individuals to save money for medical costs.

3. Short-term Health Insurance Plans 

Short-term health insurance plans provide temporary coverage during gaps between traditional insurance plans. Given are the features and uses for this short-term plan:




Typically, up to 12 months


Generally lower premiums


Limited (often excludes pre-existing conditions and comprehensive coverage)

While short-term plans can bridge a gap, they usually lack comprehensive coverage and protections. It is always important to weigh your health plans so that you select the most suitable coverage according to your health conditions.  

Coverage Through Family Floater Health Insurance Plans

In the case of the family floater health insurance policy, you are not at risk of losing your health insurance coverage even when you lose your job. A family floater policy insures all members of the family for a fixed sum insured amount.




Family members included in the policy


Shared sum insured among all members


Typically, lower than individual policies for each member


Benefits of Family Floater Plans

Here are a few benefits of getting a family floater plan:

  • Cost-effective: You don’t have to pay for an individual plan as you’re covered along with other members of the family.
  • Comprehensive coverage for all family members: All the health needs of family members are covered in this single health insurance plan.
  • Flexibility to add new family members: As your family grows, you can add the new members of the family to the same plan.

It is important to know that being unemployed can be a stressful experience, though it does not have to mean that you avail health coverage for yourself. Through the detailed information on the various available health coverage options when unemployed, you can easily get insurance coverage that will enable you to get quality health care services. 

Know More Here



Frequently Asked Questions

Are short-term health insurance plans a good option for the unemployed?

Short-term health insurance plans provide temporary coverage for up to 12 months and have generally lower premiums. However, they often lack comprehensive coverage and may exclude pre-existing conditions.

When choosing between public and private health insurance plans, consider factors such as coverage limits, premium costs, network hospitals, coverage of pre-existing conditions, and claim settlement processes.

Key steps include assessing your healthcare needs, comparing different plans for coverage and cost, checking eligibility for government schemes, and considering the pros and cons of each option. 

Telemedicine provides remote consultations with doctors and specialists via phone or video calls, making it a convenient and cost-effective option for the unemployed. 

Yes, several insurance companies in India offer health insurance plans tailored for senior citizens. These plans often have higher premiums but provide comprehensive coverage for age-related health issues, pre-existing conditions, and critical illnesses.

Leave Comment


Email Id


  • Share this article

  • 0

  • 0 like