HIGHLIGHTS

Open

REAL POSSIBILITIES

AARP Real Possibilities
Car buying made easy with the AARP Auto Buying Program

DRIVER SAFETY

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

Contests and
Sweeps

Dream Vacation Sweepstakes

10 weeks. 10 amazing trips. Seize your chance to win!
See official rules. 

CHECK OUT OUR
NEW IPAD APP!

ATM Mobile App for iPhone and Ipad

Enjoy the best of AARP’s award-winning publications

on the go with the new

AARP ePubs iPad App

KEEP BRAIN ACTIVE!

AARP Games - Play Now!

AARP Books

Medicare for Dummies book cover

Get the answers you need, from Patricia Barry, AARP's Ask Ms. Medicare

Most Popular

Viewed

Commented

share your Thoughts

Reader stories help us fine-tune our education efforts and strengthen our calls for action on issues that matter most to you. We read and learn from every story and may use yours (with permission) to brief legislators, inspire other readers and more. Please share your story with us. Do

Ask the Experts: What If COBRA Is Too Expensive?

Q. I lost my job, so my family is without health insurance. But COBRA is too expensive. What do I do?

A. COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1986, is a federal law that enables workers to temporarily continue group health insurance when they lose a job. But it can be very costly, and many eligible people opt out. Under the new economic stimulus plan, if you lose your job between Sept. 1, 2008, and Dec. 31, 2009, you can keep your company health insurance by paying 35 percent of your COBRA premiums—the government will subsidize the remaining 65 percent for up to nine months.

If that’s still too expensive, you may be eligible for the federal Medicaid program, or your children may qualify for the State Children’s Health Insurance Program (SCHIP). For little or no cost, this program provides insurance coverage for doctors, prescription drugs and hospitalization. Rules differ by state, but in most states uninsured children 18 and younger whose families earn less than $34,100 a year (for a family of four) are eligible. In some states, the parent of a child who receives SCHIP is also eligible for coverage.

Source: Department of Labor

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Medicare & Medicaid News

Discounts & Benefits

bring health To Life-Visual MD

AARP Bookstore

AARP Bookstore - woman reaches for book on bookshelf

VISIT THE HEALTH SECTION

Find titles on brain health, drug alternatives and losing weight. Do