Take a healthy outlook3 of 7One way to feel better about getting downsized is securing continued health coverage. In fact, extending your medical benefits as long as possible should be a central issue in your severance negotiation strategy. Many companies will let you keep your coverage until you qualify for Medicare or find a new job with benefits.At minimum, ask the company if they'll keep you on the insurance plan for four more months, says Jean Tobin Zawlocki, a human resources consultant and author of "Help! My Company's Going Out of Business, What Do I Do Now?" Related Articles:Benefits of MedicarePart-time jobs for retireesTapping employee benefitsRelated Links:Slash job hunt costs5 retirement cost-cuttersJobless rate jumps in Oct. advertisement
One way to feel better about getting downsized is securing continued health coverage. In fact, extending your medical benefits as long as possible should be a central issue in your severance negotiation strategy. Many companies will let you keep your coverage until you qualify for Medicare or find a new job with benefits.
At minimum, ask the company if they'll keep you on the insurance plan for four more months, says Jean Tobin Zawlocki, a human resources consultant and author of "Help! My Company's Going Out of Business, What Do I Do Now?"
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