About Affordable Health Insurance for the Unemployed

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Just because you're unemployed doesn't mean you will be unable to find affordable health insurance. Learn about affordable health insurance for the unemployed with help from an experienced insurance professional in this free video clip.

Part of the Video Series: Health Insurance
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Video Transcript

Hi, my name's Tim Tracy, co-founder of InsuringCT.com, and this is how to find affordable health insurance for the unemployed. If you're unemployed or just newly unemployed, you're going to have a few options that you want to review in regards to your health insurance. If you just left an employer, you're going to want to review to see if you have the option to elect what's called COBRA. COBRA allows you to continue your health insurance coverage that you had with your previous employer, up to a specific amount of time. You'll get a package from your employer that'll outline the COBRA benefits. It's important to review this closely. Typically, COBRA can be very expensive, because you're going to be responsible for a hundred percent of the premium, where previously your employer paid a portion of that premium. If it is too expensive for you, don't worry. There are other options. You can always look at the private marketplace to see if there's any individual health insurance plans that may work well for you. You can find these online, or by going to a local agent or broker that can assist you in the process. Just be sure to review both your COBRA benefits to see if that's affordable, or your individual health insurance plan options, as that may be the most cost effective option for you. My name is Tim Tracy, co-founder of InsuringCT.com, and this is finding affordable health insurance for the unemployed.


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