Another, perhaps bigger, problem when you're out of work is your health insurance.
So what are your options? /*COBRA coverage*/ is one, but most Americans don't know that qualifying depends on your previous insurance status, and it can be very expensive.
You still need to pay for the coverage so you need to strategize your finances. Figure out exactly what income you might be entitled to, such as:
- Unemployment compensation
- Income from spouse
- Interest from saving accounts
- Union assistance
- Dividends from investments
- Income tax refunds including your stimulus check if you didn't receive one last year.
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