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The next big steps to take after quitting your job

If you don’t have another job lined up that will provide health insurance, you may be eligible for Medicaid or a subsidized plan on the Affordable Care Act’s marketplace. Medicaid typically involves no or low monthly premiums, Lucia said. And marketplace plans are the cheapest they’ve ever been for many people, thanks to relief legislation passed in the pandemic.


Next Covid stimulus package may slash COBRA premiums for fired workers

Still, the subsidies may be coming late in the game for many people, said Laurel Lucia, director of the Health Care Program at the University of California Berkeley’s Center for Labor Research and Education. “Some workers who lost job-based coverage earlier in the pandemic and already enrolled in Medicaid or marketplace coverage may prefer to stay in that coverage to avoid further coverage transitions,” Lucia said.