Need health coverage? Payday loans can help
Payday loans can help cover those short-term emergencies that attack your budget. But when it comes to maintaining one’s health over the long haul, it pays to have medical insurance. Unfortunately, it is often true that one of the casualties of a down economy is employer-subsidized health insurance. If you have lost your coverage due to employee benefit cuts or unemployment, there are a number of things you can do to get covered again.
Follow this checklist:
- If you’re married and your spouse happens to still have coverage through their own employer, waste no time in making sure you attach yourself to their coverage. If you lose coverage due to unemployment, you may come across situations where one income isn’t enough to absorb some of life’s little surprises. That being the case, a cash advance can be a helpful option for which your spouse would be eligible to apply.
- In the short term until you find a less expensive option, consider COBRA coverage. While there are exceptions to the rule, if you’ve been laid off, you can continue receiving coverage for 18 months by paying its full cost. Keep in mind that this will be expensive, and that an online payday loan from a spouse may occasionally be necessary if your budget doesn’t allow you to meet all expenses. Luckily, a temporary 65 percent subsidy of COBRA costs is under consideration in Congress.
- Research non-group health plans. If you have a pre-existing condition, be sure the plan you choose will cover.
- Depending upon your income, you may qualify for public insurance. Medicaid and SCHIP are a couple of examples. Even if you aren’t eligible right now, you may be later. Keep in touch with your local health and social services organizations for advice.
- For affordable healthcare, consider using community clinics. Yet be mindful that first-time patients take longer to get in, so schedule your appointment as quickly as possible. One helpful feature is that many community clinics allow you to pay based upon an income-dependent sliding scale, which can reduce costs greatly.
- Even if you aren’t going to a community clinic, it is sometimes possible to negotiate lower charges with doctors and hospitals.
Payday loans and health coverage for a healthy life
Having health coverage is essential to maintaining a healthy body. Sometimes, having a small, good thing like payday loans can be just the peace of mind necessary to weather those budget storms. Until President Obama’s plans to make healthcare more affordable go into action, may tips like these help you during difficult times.
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- Children’s Healthcare Bill Passes Senate (cbsnews.com)
- Obama lauds bipartisan kids’ health insurance plan (cnn.com)
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COBRA seems like a good idea, but I’m glad they’re working on a subsidy. You could end up paying way more out of pocket for COBRA than just getting a private health plan, some of which really aren’t that unreasonable.