Insurance Options for Those Who've Lost Coverage

If you qualify for Medicare, you are not eligible under COBRA, so you must find the right coverage. With the exception of end stage renal failure, for which special coverage may be available, all other retirees, including those undergoing cancer treatments, should be able to obtain access to a Medigap or Medicare Advantage guaranteed issue plan.

Remember that your spouse or dependents may still be able to obtain coverage under the provisions of COBRA as outlined above.

Aetna says that premiums for Medicare Advantage plans are based on health care costs and government reimbursements in the member's ZIP code, not on an individual's health status.

Additional information may be found at the Department of Labor.