August 19, 2024
Navigating Health Insurance After Job Loss
Losing your job can disrupt health insurance coverage, impacting nearly half of Americans who receive coverage through their employer. Options for continuing coverage include employer-extended coverage (often short-term), COBRA (expensive continuation of your former plan), and the Health Insurance Marketplace. The Marketplace offers a Special Enrollment Period of 60 days after job loss, and most individuals qualify for subsidies, potentially lowering costs. If coverage is unaffordable, utilizing a Health Savings Account (HSA) or negotiating medical bills are
