Wavehelp's online insurance site serves two important purposes. WaveHelp Insurance provides affordable health insurance, short term health insurance, travel health insurance and trip delay / cancellation insurance in an easy web-based way. At the same time, WaveHelp Insurance provides a way to generate on-going funds for humanitarian relief to the victims of hurricanes, floods, and tsunamis without asking anyone for donations.
When you have lost your job and the group health insurance that you had with it, there are three options you can use to remain insured.
1. If your former employer was large enough, they are required to offer you continuing medical insurance under a federal law called COBRA. Ask the HR department about it. The problem with COBRA is that it can be quite expensive because YOU will be paying all the premium instead of having your employer share the cost. COBRA lasts for 18 months.
2. You can buy your own conventional major medical insurance if you have no pre-existing conditions that make you uninsurable. It can be as expensive as COBRA but it does put the control in your hands because it does not expire and you alone decide if you will keep the insurance. All you need to do is continue to pay the premiums; you can't lose it by being fired or having your company close it's doors, your insurance company cannot decide to stop insuring you because you have been costing them too much.
3. You can buy short term medical insurance. This temporary health insurance can be good bridge insurance to your next group plan. It is much less expensive than COBRA or conventional major medical insurance but it does have a limited time of coverage - up to six months or up to twelve months depending on your state of residence. You can request a rewrite if you need coverage for a longer time.
To explore your options on-line at no cost and no obligation, go to
www.wavehelp.com.
