Laid off in New York
originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q: My daughter was laid off from her job in New York city and I want to help her get health insurance while she lives with me in Connecticut until she finds a new job. The COBRA insurance is so expensive and she is young and healthy. Is there a less expensive alternative?
A: Use your Connecticut address as the temporary residence address since there are no low cost short term medical insurance policies in New York state. However, once a policy is issued in Connecticut, the coverage is valid nationwide including New York City. It is permissible to use your temporary address when enrolling for coverage. Please see www.FreedomBenefits.net, click "Fast Quote" and then select from the listing for the state of Connecticut. For a young healthy woman, the premiums will be about 1/3 of the price of the COBRA insurance. It would be best to select a policy with month-to-month payment to allow for flexibility during the job search. Your daughter might also find the article titled "Surviving a Layoff" to be useful.
Summary
More resources:
article: "Surviving a Layoff"
FreedomBenefits.net