How to Get Free or Low-Cost Health Insurance

What If I Quit or Lose My Job?

In most cases, when you quit or lose your job, you also lose your job-based health insurance coverage.

You might be eligible to temporarily continue your coverage with COBRA or state continuation.

However, you have to be able to pay both your share of the premium and the part your employer had been paying, in addition to an administrative fee.

Recap

Your employer may offer a health insurance plan as part of your benefits package. They will pay for some of your insurance costs and the rest is taken out of your paycheck pre-tax.

If you lose your job, you will also lose your insurance. However, you might be able to continue it for a while through COBRA or state continuation.