Health Insurance While Unemployed
Losing a job can be a challenging time, and one of the primary concerns for many is the loss of employer-sponsored health insurance. Knowing your options for maintaining health coverage is essential for your financial and physical well-being.
COBRA Coverage
If you had employer-sponsored health insurance, you could continue that coverage through COBRA (Consolidated Omnibus Budget Reconciliation Act). COBRA allows individuals to extend their health insurance under their former employer’s group plan for a limited period, known as "continuation coverage."
You may qualify for COBRA if you:
- Experience reduced working hours
- Take a leave of absence
- End employment (except for gross misconduct)
You must elect coverage within 60 days of receiving notice. You may need to pay up to 102% of the plan's total cost, which includes your premium and an administrative fee. COBRA is only available if your former employer still provides health insurance to its current employees. Learn more about COBRA and how it works.
Alternative Healthcare Options
There may be more affordable healthcare options than COBRA such as a spouse’s healthcare plan, the Health Insurance Marketplace or Medicaid. You may qualify through the Special Enrollment Period. Learn more about your healthcare options.
Find out if you can still get coverage through the Healthcare Insurance Marketplace. Individuals and families can receive assistance when applying for coverage here.