New Medical Insurance For People Out Of Job

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The American Recovery and Reinvestment Act authorizes about $544 billion in new spending and $275 billion in tax cuts. The point of this legislation is to encourage the economy by preserving and generating jobs, serving the unemployed and uninsured, and assisting states with budget relief measures. The U.S. House of Representatives has just accepted measures to expand access to affordable medical care coverage for employees who become unemployed because of the recession. It is estimated that this package will help 8.2 million people keep their health care coverage.

It is anticipated and predicted that millions of Americans will lose their jobs because of the downturn. With these job losses they and their families will then become uninsured. This bill will enable states (through Medicaid programs) to give immediate assistance to families like this while they search for new jobs. Other federal funding will be earmarked for hospitals, doctors, clinics, and pharmacies to enable them to meet their payroll requirements and continue to employ the employees necessary to care for the people who have lost their jobs.

Frequently these unemployed families are enduring economic crisis and any medical condition may be enough to push them to bankruptcy. If middle-class Americans experience job and wage cuts and a loss of medical insurance they may not be able to keep up with monthly expenses like mortgages and college tuitions. This bill will enable funding for families in dire need and will also enable coverage for everyone while in the process of the pursuit of comprehensive medical reform.

With the unemployment rate expected to continue to climb, the number of people without insurance is also expected to climb. Under current legislation, qualified former employees can continue to receive medical coverage through their previous employer's insurance plan for up to 1.5 years. On the other hand, they must pay 102 percent of the cost of this coverage. This is called the Consolidated Omnibus Budget Reconciliation Act (COBRA) and it gives employees and their families who lose their medical benefits the ability to choose to continue their medical benefits provided by their former employer's group medical plan. This is a huge benefit to millions of Americans and it is important that newly unemployed Americans continue to have access to health insurance they can pay for. Family Health Insurance Quote

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