smart spending

How to bargain for a better severance deal

Take a healthy outlook
Next
3 of 7
Back
text

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?"


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Connect with us