Insurance when you're laid off: What to ask for on your way out the door

Nobody wants a layoff notice, but critical insurance moves on your way out the door can help extend your health insurance (and other coverage) and save you thousands of dollars at a critical time.

Insurance.com spelled this out today in an article titled "Insurance smarts during a layoff: 3 must-do moves."

Among the advice:
Ask for an extension of health care benefits. Ask for the employer to keep you covered for 3-6 months.
Negotiate with your employer to have them pay COBRA insurance premiums, which can be very expensive.
Convert group life insurance or group disability coverage to an individual plan, particularly if you're older.
Categories : Insurance

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