Even individuals who are unemployed have options when it comes to health insurance. Here are some of those options:

Individual Health Insurance Plans

These plans are a suitable option if you are unemployed but have some savings. If you can afford to put aside about $ 1,000 each month, you can obtain an individual health insurance plan that will also insure your family. Since the enactment of the Affordable Care Act in 2010, individual insurance plans have become quite affordable and you can get such a plan for less than $1,000 per month. However, if you have any chronic medical condition, you might not be able to access the benefits of individual healthcare insurance plans since your monthly premiums would increase significantly. Nevertheless, you would still be eligible for an individual plan that pays for all medical conditions with the exception of preexisting chronic conditions.


When you leave employment, you can continue to enjoy the same health insurance benefits that you were entitled to while in employment by applying for a COBRA plan. This plan also insurers your dependents. However, compared to other health insurance plans, the monthly premiums for this are usually significantly higher. In most cases, the benefits of COBRA only last as long as your former employer is in business.

Converting Group Health Plans

In most states, you can insure yourself and your family by converting any group health insurance plan you may have regardless of whether you are in employment or not. Health insurance companies can purchase your group insurance plan and offer each family member individual health insurance coverage.

Medicaid and Medicare

These are federally sponsored health plans that cater for unemployed individuals. However, there are other qualifications, besides unemployment, that you must meet if you want to get Medicare or Medicaid. To qualify for Medicare, you must 65 years old or older. If you are younger, you can still access Medicare if the government is able to establish that you have been jobless and have been receiving Social Security payments for at least two years. On the other hand, the qualifications you need in order to get Medicaid coverage will depend on the criteria set by your state since these qualifications vary from state to state.

All in all, if you are unemployed, there are quite a number of healthcare insurance options for you. You can choose the most suitable insurance option based on how long you have been unemployed, your age and the amount you can afford to pay towards an insurance plan in the form of monthly premiums.