Why You Need HealthCare Coverage for Unemployed?
The unemployed are concerned about health insurance coverage. Loss of a regular paycheck can leave them wondering if they are eligible for healthcare coverage. Well the truth is, household income and not employment status determines health coverage. While applying for coverage, all you need is an estimate of income for the current calendar year. With this, you can find out if you are eligible for tax credits and deductibles based on the size of the household and income. Health insurance schemes offered by the state caters to the low income group giving them access to premium healthcare services in reputed hospitals for life threatening ailments.
What Are The Healthcare Coverage Options for Unemployed?
Unemployment status does not mean that it is the end of the road when it comes to healthcare coverage. Even when you are out of job, you can keep your health insurance policy, provided you pay the premium on time. There are affordable programs that can give you better benefits at a lower premium. The key here is to start early.
Significance of Healthcare Coverage for Uninsured
Health insurance awareness in India is very minimal with just 20% of Indians covered under health insurance schemes. Health insurance is still a relatively unknown term for many impoverished people, despite the health insurance provided by the government under the Rashtriya Swasthya Bima Yojana (RSBY). Private health insurance companies cater to only the wealthier sections of the community while the poor are taken care by the government. With health costs exceeding family savings and average income, health insurance is the only alternative to bring better healthcare facilities both to the rural and urban poor. In India healthcare expenses are paid out of the pocket leaving the poor in debt and ultimately they fall below the poverty line.