If you lose job-based health insurance, you have 2 main options: – Enroll in a plan through the Health Insurance Marketplace – Sign up for COBRA coverage
After losing your work, COBRA coverage enables you to pay to maintain your employer-provided health insurance for a set period of time (usually 18 months).
Usually, you are responsible for paying both the whole premium and a little administrative cost.
You can sign up for a Marketplace plan if you lose your employment-based health insurance for any reason (including quitting your job or being fired).
In order to enroll in coverage for the remainder of the year, you will be eligible for a Special Enrollment Period.
You might require documentation that your work caused you to lose your health insurance. You'll receive an eligibility notice when you submit an application for Marketplace coverage.