Real answers for your healthcare questions
What health insurance options do I have if I lose my job?
Answer
Losing job based health insurance can open several options, including COBRA, Marketplace coverage through a Special Enrollment Period, a spouse's employer plan, or Medicaid if you qualify. You do not necessarily have to stay with your former employer's plan.
What to Know
COBRA keeps the same group plan but can be expensive because you may pay the full premium. Marketplace coverage may offer financial assistance based on household income. The best choice depends on timing, cost, providers, prescriptions, and whether you are in the middle of treatment.
What to Do Next
Find out exactly when your employer coverage ends, then compare COBRA and other options before their enrollment deadlines. If your income drops after job loss, update that information when checking Marketplace or Medicaid eligibility.
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