If you’re married and your spouse has group health insurance available through the workplace, this should be your first stop. As mentioned previously, group health insurance plans are often significantly cheaper than what you’ll find on the open marketplace.
In addition, you’ll get better coverage to go with the lower monthly premium.
Even if you’re not married, you may qualify as a domestic partner. Have your spouse check with the Human Resources department on the cost of coverage and conditions for adding another person to the plan.
First, know that if you recently left your job and were covered by a group plan there, you can take advantage of COBRA continued coverage. This means you’ll convert your existing group plan into an individual plan and pay the full price tag.
In my case, to continue with my old group plan, COBRA ended up being very expensive. I think a lot of newly self-employed folks find the same thing. That’s why I’m writing this post.
However, in some cases, taking advantage of COBRA can be a good option as a newly self-employed individual. Make sure you weigh all of the pros and cons and decide on which way to go before your COBRA eligibility runs out.