3 Things To Consider When You Lose Your Job And Need Health Insurance

Lost jobs can be devastating for families who depend on their income to survive. But with the proper preparation, it doesn’t have to be as bad as it seems! The first step is finding new employment ASAP and enrolling in COBRA if eligible (COBRA gives you time before being responsible for your coverage). This will provide you with time to research different options, such as individual or family plans from private insurers or public exchanges.

Available Options

You want to know what your options are for health insurance when you lose your job. This will depend on the type of coverage that is available in your state. When researching, it’s important to remember these three things: Cost, individual policies, and if you have any pre-existing conditions or family responsibilities (such as a dependent child or elderly parent).

Individual Health Insurance

If you’re single or have a spouse without coverage, an individual health insurance policy is probably your best bet. It will work if the plan covers pre-existing conditions and other details that may apply to the person using it for coverage. Rates are also usually based on age (generally more expensive with older applicants).


The cost of insurance will vary depending on factors such as where you live, your age, and whether or not you have any pre-existing conditions. To get a better idea of what it might cost for an individual health plan in your state, use the tool, which can help give you quotes from insurers.

With a lost job health insurance is probably your best bet if you’re in a bind or can’t find a new position immediately after being laid off.