When you lose your job, you usually lose your employer's health insurance, too. You have several options for replacing that coverage, but until recently many of those choices were expensive and especially difficult to afford when your income is down. But the American Rescue Plan, the relief package that was signed on March 11, 2021, makes several of those options much more affordable.
Whether you just lost your job or are reassessing your options after losing your job in the past year, here's what you need to consider when choosing new health insurance coverage. With new subsidies and other assistance, the best choice may be totally different now than it had been in the past.