Switching Job? Look Out for These Money Matters


3. Health Insurance

Carefully check the features and benefits of the health insurance policy you are provided by your new employer. You should compare these with your health insurance policy which you were provided by your previous employer. Primarily you must look into the features like the coverage amount, whether coverage is on floating basis or individual basis, the total number of dependents covered the list of hospitals for cashless facility your health insurance policy holds.

One very important point is to check the availability of the health cover when you are serving your notification period. The notification period is the period which falls between the particular day when you submit your resignation letter and the final day when you actually leave your job. Normally notification periods have the duration of three months. Some employers don’t provide you health cover during your notification period. So before you enter into the notification period, you need to make some alternative arrangements of safeguarding yourself and your health insurance policy.