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Tips to Retain Your Company’s Health Insurance Even After Laid-off

Updated On Nov 08, 2023

Losing your job is a stressful and challenging experience, but it doesn't have to mean losing your health insurance. In today’s time, employer-sponsored health insurance is a significant benefit, and being laid off doesn't necessarily mean you have to say goodbye to your coverage. This blog post will explore essential tips and strategies to help you retain your company's health insurance even after a layoff. By understanding your options and making informed decisions, you can safeguard your healthcare and financial well-being during this transitional period.

What are Company Sponsered Health Insurance Plans?

Tips to Retain Your Company’s Health Insurance Even After Laid-off

As the name suggests, a company-sponsored health insurance plan is one that the individual’s company offers. It is one of the essential benefits that most of the companies in India offer to provide their employees with health insurance benefits. Generally, these companies provide coverage to their employees under a group health insurance plan. 

How to Retain Your Group Health Insurance Plan After Lay-off?

Listed below are some useful tips in which you can retain your group health insurance plan even after being laid off:

  • Review Policy Terms & Conditions

If you have been laid off, you should check the terms and conditions of the health insurance policy offered by the employer. This will help you understand whether the existing health insurance plan can be continued even after being laid off or not. Even if the plan still provides coverage, you must check for how long will this coverage continue.

  • Portability Options

Another option is to port the existing health insurance plan from a group to an individual policy. If this option is not available, you can simply buy a new health insurance plan from any of the top health insurance companies in India. 

  • Request Your Employer

No matter what the reasons for being laid off are, it would be best if you still asked the employer whether you can get continued health insurance coverage. This can be a move made by the employer as a part of a severance package that is generally offered to employees who are suddenly laid off from their original employer.

  • Look for Affordable Health Insurance Schemes

In case you are no longer getting adequate coverage under the group-sponsored health insurance plan, then you should start looking for other health schemes that are available at affordable premiums. There are a number of plans backed by the government of India such as the Ayushman Bharat scheme, Pradhan Mantri Jan Arogya Yojana, and others that are available at very affordable rates. So, you can consider switching to these schemes.

Why Should You Have a Health Insurance Plan Even After Getting Laid-Off?

A health insurance plan in today’s time is an absolute must to stay protected against any kind of medical emergency that can take place. So, even if you have been laid off by your employer and your group health insurance plan benefits have ceased, you should still consider buying another health insurance plan. Here are some reasons for the same:

  • Financial Protection: Health insurance provides a safety net by covering a significant portion of your medical expenses, reducing the financial burden on you and your family.
  • Access to Quality Healthcare: It ensures you can access timely and quality medical care, including doctor visits, hospital stays, surgeries, and specialist consultations.
  • Preventive Care: Many health insurance plans cover preventive services such as vaccinations, screenings, and wellness check-ups, promoting early disease detection and overall well-being.
  • Emergency Care: In case of accidents or sudden illnesses, health insurance ensures you can receive emergency care without worrying about the high costs.
  • Maternity and Childbirth Coverage: It often includes coverage for prenatal care, childbirth, and postnatal care, offering financial relief during a significant life event.
  • Network of Hospitals: Health insurance companies typically have networks of healthcare providers, which are called network hospitals. At these network hospitals, you can get quality treatment without spending anything from your pocket. 
  • Flexibility and Customisation: You can often choose from various plan options to tailor coverage to your specific needs and budget.
  • Peace of Mind: Having health insurance provides peace of mind, knowing that you are protected from unforeseen medical expenses and can focus on your health and recovery without worrying about financial strain.

HIPAA and Your Healthcare Privacy

The Health Insurance Portability and Accountability Act, commonly referred to as HIPAA, plays a crucial role in safeguarding your rights and privacy in the realm of healthcare. HIPAA ensures that your personal health information is protected and that you have certain rights related to your medical records and privacy.


Under the HIPAA Privacy Rule, your healthcare providers and insurers are required to protect your medical information. They must obtain your authorization before disclosing your records, except in cases of treatment, payment, or healthcare operations. This rule grants you control over who accesses your health data.

HIPAA Portability Rule

The HIPAA Portability Rule addresses the issue of maintaining health insurance coverage, even when you switch jobs or experience a qualifying event like a layoff. This rule provides you with the right to obtain new coverage without being subject to pre-existing condition exclusions or waiting periods.


Losing your job can be a challenging experience, but losing your health insurance doesn't have to be a part of the ordeal. By understanding your rights under HIPAA, exploring alternative options like the Health Insurance Marketplace, Medicaid, and group plans offered by professional associations and unions, and emphasizing the importance of timely action, you can retain or secure health insurance coverage during a layoff. Additionally, HIPAA ensures that your personal health information is protected, and you maintain certain rights regarding your healthcare privacy. In these uncertain times, being informed and proactive is the key to preserving your healthcare and financial well-being.


Also Read: An Informative Guide on Personal Accident Insurance Cover in India


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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