Losing a job can be a stressful experience, and it can be even more difficult for older adults who may have chronic health conditions. If your parents have recently lost their jobs and are struggling to afford health insurance, there are a few things you can do to help them.

1. Check if they are eligible for Medicaid.

Medicaid is a government-funded health insurance program for low-income individuals and families. If your parents have little or no income, they may be eligible for Medicaid. To apply for Medicaid, they can contact their state’s Medicaid agency.

2. Explore the Health Insurance Marketplace.

The Health Insurance Marketplace is a government-run website where people can shop for health insurance plans. If your parents do not qualify for Medicaid, they may be able to find an affordable health insurance plan through the Marketplace. To apply for health insurance through the Marketplace, they can visit healthcare.gov.

3. Consider COBRA.

COBRA is a federal law that allows employees to continue their employer-sponsored health insurance coverage for a limited time after they lose their job. If your parents had health insurance through their employer, they may be able to continue their coverage through COBRA. However, COBRA can be expensive, so it is important to weigh the costs and benefits before making a decision.

4. Get help from a licensed insurance agent.

If you are having trouble finding affordable health insurance for your parents, you can contact a licensed insurance agent. An insurance agent can help you compare plans and find the one that is right for your parents’ needs and budget.

5. Ask for financial assistance.

If your parents are struggling to afford health insurance, they may be able to get financial assistance from the government or from non-profit organizations. There are a number of programs that can help low-income individuals and families pay for health insurance. To find out if your parents are eligible for financial assistance, they can contact their state’s Medicaid agency or a local non-profit organization.

Additional Tips for Unemployed Older Adults

Look for Part-Time Work

If your parents are able to work, they may be able to find part-time work to supplement their income. This can help them pay for health insurance and other expenses.

Consider Downsizing

If your parents are struggling to afford their home, they may consider downsizing to a smaller and more affordable home. This can free up some money that can be used to pay for health insurance.

Get Help from Family and Friends

If your parents are struggling financially, they may be hesitant to ask for help. However, it is important to remember that they are not alone. If you are able to help them financially, please do so. Even a small amount of money can make a big difference.