"Provided you don't waive your right to coverage, you can sign up for COBRA on the last day that you are eligible and still have your coverage be retroactive to the date you lost your job -- provided you pay all the associated retroactive premiums," Mr. Gada said.
If your insurance costs outweigh the medical benefits received, or if you just don't have the money to pay for premiums, consider exploring some low-cost healthcare options such as http://www.allsup.com/Financial-Matters/Managing-Healthcare-Costs/Drug-Company-Assistance-Programs.aspx [drug company] and http://www.allsup.com/Financial-Matters/Managing-Healthcare-Costs/State-Pharmaceutical-Assistance-Programs.aspx [state pharmaceutical assistance programs]. There also are various government programs (such as Medicaid, Veteran's Assistance benefits, and state and local health services) that provide health insurance coverage to people who can't afford to buy it themselves.
"You have to decide: What can I afford to buy?" Mr. Gada said. "But realize there is a flipside. What can you afford to pay -- financially, mentally and otherwise -- if you go without healthcare coverage while trying to deal with your disabling condition."
To learn more about other potential healthcare coverage options, Allsup provides a section on http://www.allsup.com/Financial-Matters/Managing-Healthcare-Costs/Medicare.aspx [Medicare].
ABOUT ALLSUP
Allsup, Belleville, Ill., is a leading nationwide provider of financial and healthcare related servi
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