How Do You Get Health Insurance When COBRA Is Depleted?
If you’ve recently lost a job or if you’ve decided to start your own business, you’ve probably lost some sleep worrying about how to get health insurance for yourself and your family. Sure, under the Consolidated Omnibus Budget Reconciliation Act (COBRA) you can pay to continue your employer-sponsored coverage for 18 months (longer in certain cases), but what happens when COBRA benefits run out? Fortunately, there are several ways you can find affordable health insurance even if your COBRA coverage is about to expire. Purchase an insurance plan offered through AARP. You must be older than 50 and an AARP member to get coverage for yourself. Your dependents may be of any age. Join one of several organizations geared toward the self-employed and small-business owners. These organizations do not provide health insurance directly, but give you access to better rates than you may be able to find on an individual basis. The National Association for the Self Employed and the Alliance for Affor
