How Insurance Works

Fired or Furloughed What Happens to Your Health Insurance


PRELIMINARY RESULTS OF THEIR HUMAN TRIALS ARE EXPECTED IN JUNE.>>>WITH SO MANY SAN DIEGANS LOSING THEIR JOBS, THERE ARE A HUGE NUMBER OF QUESTIONS. WHAT ABOUT RENT? WHAT ABOUT FOOD?>>FOR SOME, THE BIGGEST QUESTION IS, WHAT ABOUT HEALTH INSURANCE? NBC 7’S CONSUMER BOB LOOKS FOR SOME ANSWERS. >>Reporter: LOSING A PAYCHECK CAN BE DEVASTATING TO A FAMILY, BUT IT CAN BE A SHORT-TERM PROBLEM. LOSING YOUR HEALTH INSURANCE, THAT CAN BE A LONG-TERM PROBLEM, BUT THERE ARE THINGS YOU CAN DO TO KEEP YOUR COVERAGE. IN THIS SEASON OF CORONAVIRUS, WE HAVE BEEN FOCUSSING OUR ATTENTION ON OUR HEALTH, AND FOR MANY, THAT INCLUDES THEIR HEALTH INSURANCE. >>HALF MY TIME IS BEING A THERAPIST TRYING TO EDUCATE, TEACH THEM AND SAY, IT’S NOT THAT BAD. WE CAN FIND SOMETHING THAT WILL WORK OUT FOR YOU. DON’T FREAK OUT. >>Reporter: THAT’S A HEALTH INSURANCE AGENT. HE SAYS EVERY DAY PEOPLE ARE ASKING HIM WHAT THEY SHOULD DO IF THEY LOSE A JOB. >>IF YOU ARE FURLOUGHED YOU CAN STILL STAY ON THE COMPANY’S HEALTH INSURANCE. IF YOU ARE LAID OFF, YOU CANNOT.>>Reporter: FURLOUGHED ED EMPLOYEES STILL HAVE TO PAY THEIR PORTION. IF YOU ARE LAID OFF, COBRA IS AN EXPENSIVE WAY TO KEEP YOUR PLAN FOR UP TO 36 MONTHS. SO CAL IS AN INEXPENSIVE OPTION. AND THEN THERE IS COVER CALIFORNIA. >>COVER CALIFORNIA HAS A SPECIAL ENROLLMENT PERIOD THROUGH JUNE, JUNE 30th, THAT PRETTY MUCH ANYBODY CAN SIGN UP FOR. >>Reporter: COVER CALIFORNIA SUBSIDIZES YOUR MONTHLY PREMIUMS BASED ON YOUR CURRENT INCOME, INCLUDING UNEMPLOYMENT. >>IN MOST OF THE SITUATIONS WE RUN INTO, IT’S ALWAYS CHEAPER COVERAGE CALIFORNIA EXCEPT YOU HAVE THE RISK. >>Reporter: THE RISK CRAIG IS TALKING ABOUT IS IF YOU GET YOUR OLD JOB BACK OR A NEW JOB AND YOUR INCOME GOES UP. AT THAT POINT YOU NO LONGER QUALIFY FOR THE SUBSIDY YOU WERE GETTING. >>COVER CALIFORNIA IS GOING TO SEND A LETTER SAYING YOU SHOULDN’T HAVE RECEIVED A SUBSIDY FOR THOSE MONTHS. YOU OWE US THAT MONEY BACK. >>Reporter: YOU NEED TO DO YOUR RESEARCH OR TALK TO A HEALTH INSURANCE AGENT. >>FOR THOSE THAT GO TO THE DOCTOR A LOT, IT IS EASY. BUT FOR A PERSON WITH A MEDICAL CONDITION, A FAMILY, SOME HEALTH ISSUES, PRESCRIPTIONS ISSUE, YES, IT IS A BIGGER DEAL. >>Reporter: PEOPLE 65 AND OLDER WHO LOSE THEIR JOB, MEDICARE IS ALSO AN OPTION. FOR NBC 7 RESPONDS, I’M CONSUMER BOB. BACK TO YOU.>>B


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