If you have recently become furloughed or unemployed, you are not alone. Due to the pandemic crisis, a large segment of the population has been left with insecure employment or job loss. 

When your income has changed it can cause a significant amount of stress. With fierce competition, it can be difficult to find a new job, and you might be left without health insurance. However, there is hope because there is a range of resources available to help make the transition easier.

Health Insurance

Thousands of Americans receive health insurance coverage through their employer, and if you lose your job it can leave you vulnerable. Fortunately, there is help available as you can purchase an individual or family health insurance policy through a private insurer of the government marketplace. 

You can apply straight away if you have lost coverage within the last 60 days, and you may even be eligible for an Obamacare subsidy to reduce the cost of premiums. Private insurers such as Anthem Health are offering a range of coverage options, including dental and vision for those who are facing financial hardship. If you are over 65, you should consider applying for Medicare, or if you are under 26, you might be able to access coverage through your parent’s insurance.

Free Courses

Upskilling can help you stand out in the crowded job marketplace. While you have the time, why not learn something new or improve your existing skills? To support your education, there is a range of institutions and universities offering free online courses.

For example, Harvard has a selection of courses available including business, programming, humanities, and social science. LinkedIn has opportunities to participate in free online learning in on-demand industries such as finance, sales, marketing, and digital technology. Due to the virtual delivery system, you can learn from the comfort of your own home and boost your chances of getting a new job.

Financial Relief

The Coronavirus pandemic has caused instability all over the world. In the U.S., the government and companies are working with citizens to give them the support they need to get through this period. Most banks are offering financial support to eligible customers. Depending on your financial institution you may be able to pause credit card payments, have fees waived, and interest rates reduced. If you are having difficulty it is best to speak to your bank directly. Utility companies are also offering flexibility and will work with you to create a payment plan if you are facing financial hardship.

If you have a federal student loan, your payments will be paused until the end of September 2020. You may be able to receive unemployment benefits, which include an additional boost during the COVID-19 recovery period. Stimulus checks are also available.

Furloughed or Unemployed?

If you are furloughed or unemployed, there are resources designed to protect you. Whether it is health insurance, financial help, or free upskilling, this difficult period can be made easier. 

Don’t be afraid to ask for assistance, as most banks and utility companies are prepared to be flexible. The government is also providing some relief with increased unemployment benefits and paused student loans.

Now is the time to look after yourself as you focus on enhancing your resume and ensuring you have enough health insurance coverage to support your family. 

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