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By Brenda L. Peterson, The Layoff Lady Job Search ChallengesWhen you're looking for a new role, there is a lot to do to help move your job search along. Getting your resume where you want it to be, tracking application progress, and scheduling meetings with others can take a lot of time and effort. Here are three excellent tools to help manage, streamline, and optimize your job search. The tools mentioned here all have a robust set of features in the free version with the option to pay for additional functionality. I'll focus on currently available features included as a part of the free version. Links for each tool are included in the "Learn More" section.   Teal: Tracking Applications and Resume UpdatingTeal is helpful in multiple aspects of my job search. Teal enables me to save jobs of interest, evaluate highlighted qualifications, and track my application progress with roles. Here is how I use Teal in my job search:
Teal continues to evolve and add new features--and offers much more than I currently use. This is the cornerstone of how I track my current job-searching activities. Calendly: Managing Meeting SchedulingMeeting with people during your job search can be very valuable. Whether you're meeting to learn more about a company, find out what tasks one does in a given line of work, or catch up with a former corworker, streamlining your scheduling process is a big timesaver. Enter Calendly. You can create a Calendly account, add your personal branding, and add language to describe yourself and what you want. You can also link Calendly with your Google Calendar and your webinar account (like Zoom or Google Meetup). Without paying an additional cost, you can select one free meeting type. I use the half-hour meeting, and I call mine "Virtual Coffee." It’s also helpful because our meeting can last as long as it needs to last (beyond that specified half hour) with no issues. Within Calendly, you can set up your available days and times, choose how far out in the future people can schedule a meeting with you, and even decide how many meetings you are open to having on a given day. In addition, you can select the mode of the meeting (phone or online) and include a few questions to help clarify the goals of the meeting. Here is how I use Calendly in my job search:
Calendly automates key components of scheduling. With a minor setup on the front end, I can spend less time finding a meeting time and more time on other valuable job searching and networking tasks. Grammarly: Clarifying Your CommunicationsYour job search is all about communicating your value to hiring managers and recruiters. Ensuring your writing is clear and correct is essential to demonstrate your professional value and credibility. Enter my new best friend, Grammarly. This spelling and grammar checker goes above and beyond what you may already have in word processing or email platforms. I run any communication I will put in front of job-searching influencers through Grammarly. Here is how I use Calendly in my job search:
Even this English major appreciates having Grammarly as a second set of eyes (or, in this case, AI) to polish my writing. Learn More
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By Brenda L. Peterson, The Layoff Lady Post-Layoff ChallengesWhen your “day job" ends, many things in your financial life change. For one, what is for many people their primary source of income, ends. This often prompts a quick shift to a short-term survival mindset that will last from the layoff event until the first paycheck from that new job arrives. After you think about your overall survival budget goals and managing expenses, think about your sources of income during your career transition. Disclaimer: (You know there has to be one of these now that we're talking about topics like personal finances and health insurance.) While I know quite a bit based on my previous work experience supporting financial coaches, my own research, and my personal life experiences, I do not currently hold a license or certification to give financial advice. Therefore, the information provided here is educational information provided as guidance. I hope you can glean value from my lessons learned. Feel free to take my recommendations or not—but whatever you do, double-check my facts (and everyone's facts, for that matter). This is your life, and you will care more about your finances and health care than anyone else. With that, read on. Income While WorkingWhen you’re gainfully employed, usually a couple of times per month, you receive your paycheck. Your taxes are deducted according to what you set up. You also typically have deductions for health care costs, company-sponsored insurance benefits (life insurance, disability insurance), and company-sponsored savings (Flexible Spending Accounts, Healthcare Savings Accounts, retirement contributions). Once that company no longer employs you, your income changes significantly. Possible Money From Your Employer After LayoffWhile you won’t have the income from your job on a go-forward basis, you may have one or more of these types of money coming from that employer after your position ends. Your Last PaycheckYou will receive a payment for any hours worked for which you still need to be paid. Typically, this check will not include deductions for health insurance or any other benefits since you no longer participate in those programs. In addition, taxes will be withheld from this payment. Remaining Paid Time Off (PTO) or VacationDepending on multiple factors, you may be paid for any PTO you had accrued but had not yet taken. For example, if the company you worked for had “Unlimited” paid time off, you will not receive any vacation payout since there was no tie between accruing and taking time off. In addition, some companies have written into their company policies that they do not pay out vacation time after an employee no longer works there. However, some states require vacation payouts from previous employers. (I know this because Nebraska, my current state of residence, is one of those states.) Know that getting a payout is not guaranteed, but this is definitely something you should investigate to see if you are eligible. A Severance PackageA severance package may be a component of your layoff. Severance could include a lump sum, continuation of insurance for a period of time, and/or support services to help you transition to a new position outside of that organization. In many cases, companies do not have to provide any sort of severance. If they offer severance, it is often to help minimize the likelihood of former employees taking legal action after a layoff. It is also a way that companies help their employees financially during that difficult transition time. If you do receive a severance payment, the amount can vary wildly. It could be between a fat lot of nothing, to the equivalent of a paycheck, to 1-2 weeks of pay for each year you were with the organization, to a larger check equaling months of income. It depends on the organization, their financial position, how they want to be perceived by the media during the layoff, or any other factors. If you receive a severance payment, realize that it may be less money than you anticipated because of withholding taxes. If you are offered a severance package, realize you must sign something before receiving a payment, benefits, or any other services promised. Once you sign, any thoughts you might have about legal action regarding your employment with the organization are pretty much over. Read the agreement given to you, consider having a lawyer look it over, and ask for clarifications (and any revisions) before signing it. After that, there is typically a waiting period before you receive that money. This is big-time adulting here, so enlist help as needed. Unemployment Insurance (UI) BenefitsWhile your regularly scheduled income from your previous employer ends, in most cases, with a layoff, you will be eligible for unemployment insurance (UI) benefits. In short, apply for UI benefits. Remember--the money that pays unemployment benefits comes from taxes employers (and in a few states, employees) are required to pay for this specific purpose. You're not abusing the system when you take advantage of unemployment benefits. You're using a valuable benefit that is set up specifically to help people through what can be a rough transition. UI BasicsHere are a few key details about UI payments:
Additional Factors That Impact UI Benefits PaymentsYou may also be eligible for job search support services and even programs to help you upgrade your skills. In many states, you must complete outlined “reemployment activities” to stay eligible to receive unemployment payments. For example, some states may require you to apply for a given number of jobs each week, or attend classes, or confirm you did not turn down a suitable job offer. Also know that if you will be receiving a severance payment, it will impact when you are eligible to start receiving unemployment payments. When you apply for unemployment, you will be asked to specify any payments you still expect to receive from your previous employer. Typically, if you are receiving severance that is intended to cover a set period of time, you will also not be eligible for unemployment payments during that time. Personally, I had periods when I was in a career transition where I never received an unemployment payment because I started a new job before the number of weeks specified for my severance ran out. Again, if you’re unsure on details, make that phone call to ask for clarification. Interim Paid WorkDepending on your situation, you may need to find interim work while looking for a more permanent role. For example, if the amount you receive from UI benefits needs to be increased to pay your core bills, you may need to take a job to make ends meet. This could be anything from contract work in your chosen field (that may pay pretty close to your previous full-time job) to a supplemental job that you do for a little extra income. If you have a partner, it may be a case where they take on additional paid work or help more with expenses while you are in career transition. Other OptionsThere are multiple ways to pay for your life, varying from good to decidedly bad ideas. You could do anything from using your savings, to selling unused items, to using credit cards, to acquiring additional debt, to using your home equity, to taking money out of your HSA account (and paying taxes on what you removed), to starting a Go Fund Me page, to donating plasma, or even tapping into retirement accounts (and paying a steep penalty). Be sure to consider the short and long-term implications of any of those decisions before choosing your course of action. Learn More
By Brenda L. Peterson, The Layoff Lady Your Target JobAs you begin your job search, you need to identify key characteristics of your target job. To begin, make sure you do a little soul-searching and have a clear picture of what you want from your next role. For guidance on how to go about that process, check out my article entitled, "Career Planning: Figuring Out What You Want To Be Next." Here are a few of the main pieces of information that will help you move forward:
About Your What I Want StatementNow, let’s figure out how to take that information and make it into a clear statement outlining key components of what you want. Remember, the purpose of this statement is to help you clearly communicate what you are looking for in your next work opportunity. The more you talk with people about what you want, the clearer the details of what you are looking for will become for you. Your What I Want Statement: Job TitleIf you are targeting a specific job title, your What I Want statement might look like this:
Each of these examples highlights a job title, type of organization, and even the specific skills each person would like to use in their new job. Your What I Want Statement: Open To OptionsIf you are open to multiple roles within different types of organizations, you will write your statement differently. For one, start with the soul searching you did and pinpointing key characteristics of what you want in your next job. Review your list, and prioritize which factors are the most important to you. It could be the type of company you’ll work for, the geographic area, work arrangements, or specific skills that you’ll use more. Focus your statement on the aspects that are most important to you. Here are a couple of examples that I have used in previous job searches: Earlier pandemic, I used the following What I Want statement:
For another job search, I used the following What I Want statement:
Overall, since I wasn't focused solely on one job title, I prioritized what mattered to me and went from there. Notice that I start with specifying the field, and the work arrangements that were most important to me. Then, I reviewed a few key skills I had that I wanted to use, and in one case talked mroe about the employer. Since the goal with these statements is to help communicate what you want, this is a good way to narrow it down so people are better able to help you in your job search. Using Your What I Want StatementWriting a clear and concise What I Want statement can help you as you review job openings you encounter and empower you to prioritize your job applications to those that most closely align with your job search goals. You can also include a version of this statement in the following contexts:
Learn MoreJob Search Skills You Didn't Know You Needed: Remote, Hybrid, Onsite, and Hiring Eligibility6/24/2025 By Brenda L. Peterson, The Layoff Lady Onsite, Remote, and Hybrid Work ImplicationsWhen searching for a job, one challenge is figuring out what work arrangements a given employer has in mind. Since 2020, companies in the United States often label their open positions as onsite, hybrid, or remote. Even with those labels, job seekers and individual employers are still not always aligned on what exactly that means. Let's look at some of the factors in play. Remote Job ClarificationsFor a job labeled as "remote," their expectations could be any of the following:
Onsite, Remote, and Hybrid Roles in PracticeRegardless of the label, each role may work differently in practice. Here are a few of the many possible scenarios:
Navigating Job Listings for Remote RolesAs a job seeker who understand the different stated options and possible meanings, here are a few strategies for navigating job listings:
Remote Work Implications: Locations and PayThere are also a few other implications of remote work to keep in mind:
Strategies for Remote Work Salary ConversationsGiven these variations on how salaries work for remote roles, be sure to think through your financial requirements and how you will address questions about your desired salary:
Learn MoreBy Brenda L. Peterson, The Layoff Lady The Adventure of Finding a New JobWhether you're gainfully employed but looking for the next right opportunity for you, or you're in career transition, job searching is hard. Here are three unfortunate job searching truths that can help you manage your mindset and emotions as you work through the ups and downs of this process. Truth 1: Job Seeker Time Goes Slower Than Hiring Organization TimeWhen you're a hiring manager, you have a ton going on, and only one of those things is hiring a new person. You're still trying to manage your team, meet deadlines, troubleshoot customer problems, and juggle all the people you're considering for your open position. In an interview, when one candidate asks about the hiring process, you tell them you should know who will move on to the next steps in the process "by the end of this week"--and at the time, you believe that is a reasonable deadline. Then there is a software release with a bug that causes three meetings to be scheduled with big clients, or someone ends up out on sick leave unexpectedly, or your child has to be picked up from daycare with the flu. Friday comes and goes, and getting in touch with a candidate falls off your radar until the next week. Meanwhile, as a job seeker, you put a note on your calendar that you'll know one way or another by Friday. Then you analyze every syllable you uttered in the interview, hoping you didn't say anything awful. You rethink a facial expression you interpreted as approving and wonder if it really was that at all. You suffer through Saturday, Sunday, and Monday, secretly worrying that you will never find another job. Ever. Instead of spiraling, take action to get you closer to your goals. After the interview, email the hiring manager a thank you message and consider sending them a LinkedIn connection request. Put a note on your calendar for a few days after the hiring manager said they would contact you. Reach out to them at that time, including a few pleasantries, reiterating your interest in the role, and asking for an update. Will you get the job? It's hard to tell. Either way, you did your part. Remind yourself that you won't get every job you apply for, and reflect to see what you can learn from it. At the very least, pat yourself on the back that you didn't over-follow up (which is often worse than not following up at all), and be sure to focus on more than one job opportunity at a time. In addition, network with three more people and apply for three more jobs. Truth 2: It's Not "Your Job" Until You Receive A PaycheckInevitably as a job searcher, you run across it. THE job. It's the one you know is meant to be yours. It's perfect--easy commute, a great title, the go-to company, exactly what you are qualified (and want) to do. In your head, you think--this is MY job. You picture your new business cards, where you'll park, and how you'll introduce yourself as the "Director of Awesomeness" for this perfect company. If you're still working, you may be dreaming about the day you hand in your notice--or get excited knowing you won't have to finish a dreaded project because you'll be elsewhere. You think--why should I even bother applying for anything else because this one is SO my job! Except, well, it's not actually your job yet. You're looking at it and seeing yourself in it, but it's not real. You don't work there. No one is sending you a paycheck for it. They don't even know your name yet. You may very well still work at your company in a few months when the project you're not excited about is due. While this MAY be the job you eventually get, it's not a done deal yet. You know what else? It may not end up being your job. Apply for that job--even work hard to get it. Know, though, that you may end up not even getting called in for an interview. This doesn't mean you're not still an amazing professional with valuable qualifications. Remember, there are always many things going on when companies hire. There may be an internal candidate, a previous coworker of the hiring manager, someone who has a referral from a college friend, or someone who has even slightly more of a qualification that didn't make that job posting. Instead of spiraling, take action to get you closer to your goals. Whenever you fall in love with a job or think of something as "your job,” make an extra effort to apply for additional jobs--or at least game out what happens if you do not get the job. If the job you see yourself in works out, great. If not, you're still working towards your ultimate goal of finding a new role (complete with a paycheck), whichever job that might be. In addition, network with three more people and apply for three more jobs Truth 3: You Only Need One Job.Applying for jobs is a process. Looking back at my records, I have typically applied for between 40 and 100 jobs when I've been in career transition. It's easy to get discouraged. If you're working and looking for something else, you might be more selective in your applications and feel especially attached to an opening you see. Remember, not every personal referral, application, or interview will lead to an offer. Again--sometimes you apply and hear back a fat lot of nothing. Sometimes, you might get a quick rejection from a job only to see it reposted a week later. In those cases, it can be hard to see that they don't even have a good candidate, but they know it's not going to be me. That one smarts. It's also hard when you interview for a role multiple times only to hear that you didn't get the job. Even though they genuinely liked you, you didn't get it. Maybe you were a close second, perhaps they went with an internal candidate, or they ended up not filling the position. There is so much rejection in the job search process that you’ll inevitably feel sad and like maybe there is no hope for you finding the right next job for you. Instead of spiraling, take action to get you closer to your goals. At the end of the day, though, you only need one job, and one organization to tell you “Yes.” You only need one place where you and the employer agree to work together. Sometimes, it's helpful to remind yourself that all those no answers get you to the one yes you need. The trick is that you don't know which one will be that yes. You have to keep on keeping on until you find it. In addition, network with three more people and apply for three more jobs. Learn MoreBy Brenda L. Peterson, The Layoff Lady Job Searching: The Good DaysSome days will be amazing. Within a half hour of waking up, you receive an invitation to do a phone screen, notice another hiring manager accepted your LinkedIn connection request, and receive a message from a recruiter for a role that looks promising. Everything is going great for you. Hearing that good news fills you with hope about the future. You feel appreciated, valued, and worthwhile. Soon, you’re updating your budget, making that overdue phone call, and cleaning your whole kitchen. You use that extra burst of energy to start preparing for tomorrow’s phone screen. Today, you are productivity personified. Job Searching: The Not-So-Good DaysThen there are the other days. You check your email and read, “We will not be moving forward with your application,” then move on to “We regret to inform you,” then finish up with, “This position is no longer available.” You’re not even out of bed, and you already heard you weren’t good enough for three jobs you really wanted. Now, all that good news from the previous day seems irrelevant. Your email has become a scary place where everyone is mean. You hop onto LinkedIn to look for new jobs. While looking at job listings, you fixate on the one or two preferred qualifications you don’t have. You start to customize a resume for one job, then stare at your screen, trying to figure out why anyone would bother hiring you. Now, you're not going to have it in you to be a high achiever. Struggling to SucceedAfter a three-rejection morning, you may feel like a failure, and everything is hopeless. Despite how it feels right then, you are not lazy, a loser, or a failure. Instead, you have probably been going too hard for too long and have little to show for it yet. In addition, you have probably been relying on the overly simplistic getting-things-done strategies people often bluster about. If your only plan for success involves hammering away, powering through, or pulling yourself up by your bootstraps, you will have problems. It’s an excellent time to remind yourself that bucking/soldiering/cowboying up is not a long-term sustainable strategy. It is a short-term fix you can use occasionally when you have no other options. Making that once-in-a-while solution your go-to move will leave you irritable, burned out, and feeling like the failure you most certainly are not. Sustainability and Your Career TransitionYes, you are trying to find a job. Yes, you are trying to keep your finances in check. You also need to be able to continue to keep going sustainably so you can persevere as long as your career transition requires. You won’t be able to push yourself beyond your limits consistently for very long. Given that many job searches last between a few weeks and several months, you will need to find a way to sustain the effort you’ll need to achieve your job search goals. Your Basic Self Care Daily Task ListThere is an art to writing a helpful task list. This basic self-care list includes items that are valuable, easy to achieve, and can be checked off definitely. You can also update these lists to reflect what makes the most sense to you in your life. This is not your "I have accomplished miracles" list. Instead, this is your "I did the basic things I need to stay well so I can prioritize to keep going" list. Morning
Afternoon
Evening
Modifying The ListThis is a good starting point for a basic self-care list. If moving for 30 minutes is too much for you right now, make it 10. If making your bed helps you feel better, consider adding that to your morning list. If you do a load of laundry daily and put it away, fit that in where it makes sense. If you take your vitamins before bed, do that. Do what you need to to do make it yours. This basic self-care list will help you feel better on your hardest days. On an easier day, you'll breeze through these items with no problem and move on to conquering the world. Learn MoreBy Brenda L. Peterson, The Layoff Lady Post-Layoff ChangesWhen your “day job ends,” many things in your financial life change. For one, what is for many people their primary source of income, ends. This often prompts a quick shift to a short-term "survival" mindset that will last from the layoff event until the first paycheck from that new job arrives. Let's talk about your new financial goals and how to manage expenses. Disclaimer: (You know there has to be one of these now that we're talking about topics like personal finances and health insurance.) While I know quite a bit based on my previous work experience supporting financial coaches, my own research, and my personal life experiences, I do not currently hold a license or certification to give financial advice. Therefore, the information provided here is educational information provided as guidance. I hope you can glean value from my lessons learned. Feel free to take my recommendations or not—but whatever you do, double-check my facts (and everyone's facts, for that matter). This is your life, and you will care more about your finances and health care than anyone else. With that, read on. Employed Financial GoalsWhen gainfully employed, your household financial goals may look like this:
Typically, goals include living within your means and spending/saving/giving money in line with your values and financial priorities. When things are going "as normal," you probably have the capacity to think about current activities and consider what is possible in the future. Layoff Financial GoalsDuring a career transition, financial priorities shift from being proactive to focusing on the here and now. The goal is to get through the next one to six months with as few adverse effects as possible. Here are my recommendations for crucial goals to keep in mind during a period of reduced income and job transition:
While navigating post-layoff unemployment, the goal is to make it through with as few bumps and bruises as possible. Instead of trying to pay off a previous purchase or save for a goal, you will probably leave any “extra” money in your checking account just in case. Paring Down ExpensesThis is also a good time to see what expenses you can pare down in the short term to ensure that the money you do have lasts a little longer. Here are a few ideas:
Prioritizing ExpensesHere is a recommendation for prioritizing which bills you pay when money is tight:
What To Do If You Can't PayIf you can’t pay your bills, call the company and discuss how to make arrangements. Instead of just plain NOT paying a bill, make a phone call. I know this can be hard and humbling, but it is important to figure out a plan. Remember, you're not the first person to be in a position where they had an unexpected job loss and needed to figure out alternatives. It is also to the company's advantage to work with you. It's in the company's interest to help you stay on track as a customer than for them to spend the time and staffing on repossessing items or turning off and on utilities. Help them help you. Making this call also helps minimize damage to your credit score (which could even impact your ability to find work sometimes). Be sure to call right away when you start to have issues instead of waiting until you have a lot of issues. I encourage you to call when you worry abouat having a hard time making one mortgage payment instead of waiting until you are months behind. Remember, though, even if you have waited, MAKE THAT CALL! When working with a company on making payment arrangements, you may be able to defer payments, figure out a payment plan, take advantage of a company-sponsored program, or find a government-sponsored program to help you during a hard time. County, faith-based organizations, and non-profits may be able to help you, too. Whether you need help paying for gas, food, transportation, or utilities, make sure to use the available resources. Learn More
By Brenda L. Peterson, The Layoff Lady Interview Progression IssuesAfter you apply for a job, your goal is to be selected for an interview. That process usually includes an initial phone screen, one or more face-to-face interviews, then a job offer. As you progress in your job search, it's important to take time on a regular basis to evaluate what you are doing and see if you need to modify your approach. Let's look at possible ways to proceed if you are not receiving callbacks from employers for initial phone screens. No Initial Interview InvitationsI’ve seen variations on the following LinkedIn post way too many times: “I’ve applied for 300 jobs over the last six months, and I have only gotten a couple of interviews.” Realize you won’t get a phone screen for every job application you submit, but you should be getting some. If you apply for even 20 jobs and don’t hear anything back from any of them, it’s time to reassess and figure out what you need to change to have more success. The first huge step in job searching is getting out of the virtual pile of job applications and into the much more selective “we gotta talk to this one” pile. Taking these steps can help. Step 1: Identify Your Target JobOften, people who struggle with getting job interviews need to revisit what they want in a job and target their job search toward that goal. Unfortunately, while applying for as many jobs as possible seems logical, it often backfires. Instead, job seekers who identify what they really want, then apply for those roles more closely matching their interests and qualifications get hired sooner. Step 2: Realign Goals and MessagingAnother problem shared by people who struggle with job searching is not talking about what they want, their work experience, and their most relevant qualifications. Ensure your resume has a strong Professional Summary highlighting the type of role desired and your value to your target role. Step 3: Focus on Fewer ApplicationsHow many applications should you do in a given week? Applying for 300 jobs over six months (26 weeks) is an average of 11.5 applications per week. That is A LOT. When I’m job searching, my weekly goal is three applications per week, and I could submit as many as six per week if I’m driven to apply for a few more roles that look promising. By focusing on fewer job applications, I increase my quality instead of relying too heavily on quantity. Step 4: Customize your Resume for Each ApplicationWhen I decide to apply for a role, I take 15-30 minutes per application to customize my resume. Taking this extra time to update my language helps potential employers understand how my skill set aligns directly with what they are looking for in a candidate. Ensuring the right keywords are present for an Automated Tracking System (ATS) and for the recruiter who initially reviews each resume will give you a better chance of being selected for a phone screen. To make these updates efficiently and effectively, I focus on two sections: Professional Summary and Skills & Competencies. Check out the Learn More section for additional information on strategies for customizing your resume. Learn More
By Brenda L. Peterson, The Layoff Lady Post-Layoff ChallengesWhen your “day job ends”, many things in your financial life change. For one, what is for many people their core source of income, ends. This often prompts a quick shift to a short-term survival mindset that will last from the layoff event until the first paycheck from that new job arrives. Let's talk about how to manage your healthcare during this time. Note that I’ll outline options first, and then you can review all of the links at the end of this article for additional information. Brace yourself—there is a lot going on here. Disclaimer: (You know there has to be one of these now that we're talking about topics like personal finances and health insurance.) While I know quite a bit based on my previous work experience supporting financial coaches, my own research, and my personal life experiences, I do not currently hold a license or certification to give financial advice. The information provided here is educational information provided as guidance. I hope you glean value from my lessons learned. Feel free to take my recommendations or not—but whatever you do, double-check my facts (and everyone's facts, for that matter). This is your life, and you will care more about your finances and health care than anyone else does. With that, read on. Healthcare Coverage While EmployedIn the United States, where health insurance for many people is part of an employer-provided benefits package, thinking through the health insurance implications of a job change is critically important. While working, you have limited health care coverage options through your employer. You make your selection when you first start, and after that, once a year. In most cases, your employer pays for part of it, facilitates the payment for your health care coverage, and even allows you to set up and use a Health Savings Account (HSA) as a separate benefit. Healthcare Coverage Options After a LayoffAfter you are laid off, your former employer will let you know when your benefits end. It may be as soon as your separation date, the end of the calendar month, or some other date altogether depending on your organization. If you have the time and ability to do so, it may be a good idea to fit in any doctor's appointments you have been putting off while you still have coverage. Once your employer-sponsored coverage ends, there are many options for healthcare coverage. You'll also need to take steps to enroll in whatever coverage you choose. Most of these options have an associated monthly premium, and some are more cost-effective than others. Here are a few possibilities for your consideration. Your Severance Package and Continued BenefitsIf you do receive a sewerage package, you may also receive continued healthcare coverage for a specified period of time. You may get health care coverage included for a bit. This could be the company paying for the benefits you had before, or an amount of money that is earmarked to pay for healthcare coverage. These are two very different propositions. If the company continues to pay for your health benefits, your coverage will work as before with your same coverage levels and networks. However, if you receive money to pay for health care coverage, you will need to decide what to purchase, enroll, then pay for it as billed. COBRA Continuation CoverageCOBRA stands for Consolidated Omnibus Budget Reconciliation Act. In short, this provision allows former employees to pay the total cost of their formerly work-sponsored health insurance on their own. If you choose this option, you can keep this coverage for up to 18 or 36 months. As part of your layoff paperwork, your now former company will send you information about the logistics and cost of keeping this coverage and let you know your deadline for signing up (which is typically 60 days). The good news? You can keep your same coverage. The bad news? The cost may knock you back. Now, you'll pay the total price for your coverage instead of your employer helping offset the cause. For example, while working, you may have spent $500 a month for your family’s healthcare coverage, and with COBRA, you will now likely pay thousands of dollars a month for that same coverage. A Dependent on Someone Else's Employer PlanDepending on your age and personal situation, you may have the option to be added to someone else’s employer-sponsored healthcare coverage. Here are two common scenarios:
In general, if your former employer’s plan covered you, your family member's plan will allow you to enroll in their plan, even mid-year. Be sure to check with your family member's employer to see if being added to their plan is a good option for you. Remember, if you are added to your family member's health insurance plan, the additional costs for whoever is footing the bill can vary from “no big deal” to “holy crap, that’s an extra [whole lotta money] a paycheck!” Healthcare.gov: The MarketplaceSince the Affordable Care Act (ACA—also nicknamed “Obamacare”), additional healthcare coverage options have been available outside employer-sponsored coverage. To find out what health insurance options are available, your eligibility, and any amount of help (in the form of a subsidy) you might qualify for, check out Healthcare.gov, also referred to as “The Marketplace.” Alternatively, some states have their own healthcare-specific website, like MNsure.gov in Minnesota. Regardless of if your state uses the national site or their own, this is the go-to place to find out about possible healthcare options that comply with ACA standards, meaning that they include a base level of coverage (like preventative health screenings, emergency services, pregnancy, etc.). Many of these plans are High Deductible Health Plans (HDHP), and the higher the deductible, the lower your monthly premium, but the higher the possible out-of-pocket expense you will have. As with other high deductible plans, you can save money in a separate Health Savings Account (HSA) to help cover those expenses. However, Healthcare.gov does not have the option to help you set up an HSA account, so you’ll have to seek that out elsewhere if you are interested in setting that up. One significant benefit of looking here is the possibility of getting a subsidy. A subsidy will help offset your healthcare cost and is usually applied before any premium you would need to pay every month. Typically, subsidies are calculated based on your projected income for the year, depend on how much money your household is bringing in, and may vary by state. You would need to enroll in an ACA plan within 60 days of being laid off. Overall, Healthcare.gov can be a lot to juggle—but they do have help available in the form of agents, brokers, or assisters. Short Term Health InsuranceShort Term health insurance is just that—lower-cost insurance intended to help you bridge the gap between employer-sponsored coverage. Typically, these don’t have preventative benefits (like annual physicals or flu shots covered), but they are significantly less expensive. In addition, this kind of coverage ensures that if something big happens, like an accident where you end up in the hospital, you won’t go broke paying for all those costs. For example, during one period of unemployment, I bought short-term health insurance coverage for my daughter (for a tumultuous month where for a moment, it looked like all of my daughter’s parental units would manage to be out of work all at once). It was under $100 and ensured she had at least some coverage as we figured out the details of her longer-term healthcare coverage. Other OptionsThere are several other options to help pay for healthcare costs varying from good ideas to decidedly bad ones. For example, you could buy a private health insurance plan, take part in Medicaid/Medical assistance based on your financial situation, explore a community health share program, visit community health centers, use telehealth, rely on Minute Clinic, use a healthcare-specific credit card, and/or use discount cards to minimize prescription costs. When it comes down to it, consider the short and long-term implications of your healthcare coverage decisions (including the possible financial hardship of having a significant medical diagnosis or expense without being insured) before choosing your course of action. Learn More
By Brenda L. Peterson, The Layoff Lady A Note About The NumbersLearning from experience can be one of the best ways to make needed changes. Learning from stories is another great way to glean valuable information. I invite you to review my lived experiences and see what insights resonate with you. As a bona fide Excel nerd, and meticulous planner, I kept detailed records on my job search journey from layoff #4 through finding a new role. Here are a few statistical highlights of what on earth I did with myself in the months between when my previous role ended and starting a new job. I’m including several numbers in this article. Keep in mind that while I pride myself in my ability to count and do basic math, I’m dealing with a very small sample size. This article can only barely be called “research” and is more appropriately described as me sharing my personal experience. With that disclaimer, on to the numbers! How Long Will This Take: Job Search Length
Please Look At My Resume: Applications Submitted
Now We're Talking: Interviews
I Know People: Referrals and Getting an Interview
I Will Never Work Again: Job Search Low Points
Everything Works Out: Lessons Learned
What Do You Think?What lessons have you learned from previous job searches? Share your best practices in the comments. Learn More |
Author7-time layoff survivor Brenda L. Peterson, The Layoff Lady, waxes poetic on layoffs, job transitions, & career resilience. Buy The Book!
Were you recently laid off? Need a roadmap for what's next? Or planning just in case? Check out my book, Seven Lessons From Seven Layoffs: A Guide!
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