Since coronavirus lockdowns began in early March, record numbers of Americans have been laid off or furloughed from their jobs.
In April, the unemployment rate soared to 14.7% — the highest it’s been since the Great Depression — and this summer, more than a million new applications for unemployment benefits are still being filed each week.
To make matters worse, many who have lost their jobs also have lost their employee health benefits amid the largest global health crisis in modern times.
That happened to an estimated 5.4 million U.S. workers between February and May, according to a study by the advocacy group Families USA. That’s far more than the 3.9 million who became uninsured during a full year of the financial crisis in 2008 and 2009.
If you’ve just lost your employee health insurance, you may be tempted to put off getting a new policy, especially if you’re in