Accidents seem to always happen right when coverage has lapsed. Almost as if on cue, people tend to twist their ankles, break bones, or come down with serious infections. For those who’ve recently lost job health insurance, these developments can be financially devastating. The good news is that there are always things that you can do to mitigate health and insurance-related challenges. The first and most important step is to look for Cobra insurance or to determine whether or not you already have an existing plan. Cobra coverage provides protection during short periods of unemployment, and when new hires are waiting for their new employer-sponsored health insurance to kick in.

You also have the option of contacting the public health department in your area to determine whether or not you’re qualified for any government sponsored programs. Keep in mind, however, that if you have any assets such as real property or savings in your banking account, these may be considered leverageable assets that can be used to purchase private health insurance. Government-sponsored plans are generally reserved for low-income individuals with no savings or other assets whatsoever.