The day you lose your job can be one of the most difficult of your life. But there’s no shame in the job-loss game, Carmen said, especially because job cuts and layoffs are part and parcel of any economic downturn. Your power comes from your ability to bounce back, and look forward.
A caller on Thursday’s show asked a question that no doubt many Americans are wondering these days:
“I know I’m going to lose my job, I just don’t know when. I want to prepare so I can stay in the game. What should I do?”
1. Before you do anything else, check your health insurance. Does coverage extend past your last day? Do you have access to COBRA? It’s an expensive option, so you may be better off trying to find coverage on your own or through a union or organization you belong to. “Your health is your wealth,” Carmen said, which is why you should answer the insurance question before all else.