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Lost Your Job? What to Know About Health Insurance and Finances

Quick Answer

Lost Your Job? What to Know About Health Insurance and Finances

Losing your job triggers COBRA (continuing employer coverage for up to 18 months, often expensive), ACA marketplace plans (subsidized based on your new lower income), or Medicaid (if income is very low). You have 60 days from job loss to elect COBRA. Also consider disability insurance before leaving to protect against income loss from illness.

Last updated: June 2, 2026

Your options for health insurance and financial protection after a job loss, including COBRA, ACA plans, and disability coverage.

Frequently Asked Questions

Typically 18 months after job loss. It can be extended to 36 months in certain circumstances like the death of the covered employee.

Disclaimer: This content is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Products and services mentioned may not be available in all states. All insurance products are subject to underwriting and policy terms. Consult a licensed professional for advice specific to your situation.

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