Being laid off, furloughed, or let go from your job can be hard. This may be even worse if you have health insurance through your job. How can you afford your healthcare needs after losing your job? Luckily, most larger companies are required to offer COBRA health insurance to former employees.
Not sure if you qualify for COBRA coverage? You can call a representative at the Department of Labor, or your hiring liaison, to determine your eligibility for COBRA.
References
U.S. Centers for Medicare & Medicaid Services. (n.d.). COBRA coverage & the marketplace.
U.S. Department of Labor. (n.d.). Continuation of Health Coverage (COBRA).
U.S. Department of Labor. (n.d.). COBRA continuation coverage.
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Written by:
Hilary WeissmanHilary Weissman has been a health writer for the past 6 years. She was a senior copywriter at WW (Weight Watchers) before joining GoodRx and was also a copy editor in S&P Global’s structured finance ratings group for 3 years prior.
Reviewed by:
Sanjai Sinha, MDSanjai Sinha, MD, is a board-certified physician with over 20 years of experience. He specializes in internal medicine.
