Take the AARP Smart Driver course and you could save on auto insurance! Learn more.
From the AARP Bulletin Print Edition, May 1, 2009
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
Please leave your comment below.
You must be logged in to leave a comment.
Members can take a free confidential hearing test by phone.
25% off device and online privacy protection plans
25% off the first healthy meal delivery of $99+.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at