There are people everywhere who are losing their jobs and health benefits and need health insurance. Going without health insurance shouldn’t be an option so here are three options to consider if you are losing your job or had your work hours reduced and no longer have work benefits available to you.

COBRA

With COBRA many workers are allowed to buy the same coverage they had at work for up to 18 months. The new COBRA Subsidy helps workers who involuntarily lose their jobs between September 1, 2008 and December 31, 2009 and makes them eligible for reduced-cost COBRA coverage for nine months.

Read the full post on Three Options for Health Insurance.

The law signed this week offers workers who have lost their jobs since September a 65 percent COBRA subsidy. But not everyone will qualify or take advantage of this steep discount. You need to meet all the requirements and it may not be your best option. There may be a better option for health insurance that will not increase rates 65% in 9 months, but will lock you in your low rate for a year. Also with the rising costs of group health insurance, many companies have gone away from offering the traditional group plan benefits. Can you guarantee that your new job will offer those benefits for you?

Read the full post on COBRA Subsidy.