I want insurance insurance.
My husband was working for a company that abruptly went out of business. Like most people, we had health insurance through work (I stay home with our kids).
We did have the insurance until the end of the month and scrambled to find a private company that would insure us.
From what I understand from other friends who’ve gone through similar experiences, we are lucky I was not pregnant and none of us had “preexisting conditions” or we would not have been able to find a company willing to cover us privately.
This is the insurance I want to find:
You pay a small premium every month. In the event of sudden job loss due to firing, lay off, company failure, health crisis, etc. etc. this health insurance kicks in effective as soon as your old policy is not. Then your premiums increase, but only to a reasonable amount. When you find a new job and its insurance becomes effective your “insurance insurance” reverts to the previous status.
It would also protect you from fraud by the company you work for (e.g. the company says you are covered by health insurance but you are not because the money for the premiums is going into the owner’s drug habit). So the “insurance insurance” would be effective the real date of the lapse in coverage whether you knew about it or not.
Does anything like this exist?
