Raising Women’s Voices

Jobless Can’t Afford to Extend Health Coverage

Posted in Uncategorized by raisingwomensvoices on January 26, 2009

Nearly 66% of workers qualify for extend health-insurance coverage under a federal law after losing a job, but only 9% the unemployed do so.  Why?  Most families simply cannot afford it.  The Commonwealth Fund found that while employed, a worker contributes around $3,200 a year towards health coverage.  Once unemployed, the cost is driven up to $13,000 for family coverage, according to the Wall Street Journal.

“In other words, you have to pay an extra $10,000 because you have lost the amount your employer was contributing to the coverage, and people who are newly unemployed find it very hard to afford,” said Karen Davis, president of the Commonwealth Fund, a private foundation that supports health-care research.

To read more, please visit:

http://online.wsj.com/article/SB123276396573912277.html?mod=todays_us_money_and_investing

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