If you are losing your health insurance but are not yet eligible for Medicare, there are several options available.
- COBRA – You may be eligible for COBRA from you or your spouse’s former employer for up to 18 months, but you will have to pay the full premium, which can be pricy. You only have a certain amount of time to apply for COBRA after your employer group coverage ends, so pay attention to deadlines.
- Individual/family insurance – This is the insurance you purchase on your own. You can buy a family policy that will cover you, your spouse, and any dependent children you have. This type of health insurance can be costly, especially for older people. We’re able to help you find out if you qualify for any subsidies through the Health Insurance Marketplace to assist with the cost.
- Medicaid – Medicaid is a public health insurance program for people with low income and financial resources. Eligibility is based on income, assets, and family size. Medicaid is operated by the state in which you live, and eligibility criteria can vary widely from state to state.
