Unfortunately due to the current economic climate, not to mention recently losing a job, many people find themselves in a position that they may not be able to pay the full monthly premium under to continue their COBRA insurance health care.  Normally, under the current laws, if you do not pay the premium within the 30 day grace period, you will lose your COBRA insurance coverage and not be eligible to sign back up for it again.  However, there are some things you can do if you find yourself in this situation.

1. Reach out to the health insurance provider: There is a chance that your health insurance provider under COBRA insurance will work with you to determine a payment schedule that you can keep up with.  Many companies are sympathetic to your situation and want to help you continue to keep your coverage.   It can not hurt to reach out so do not hesitate to reach out to find out your options.
2. Consider Paying on Credit: It is extremely important to keep your health insurance, so you may want to consider paying your premium with a credit card.  You do not want to find yourself in a situation with major medical expenses and this can be a way to make sure this doesn’t happen while you seek out new employment and insurance.
3. Consider COBRA Insurance Alternatives: Rather than just going without health insurance, you may be able to find a cheaper COBRA medical insurance alternative by exploring alternatives.  There are many different types of medical insurance options and many are significantly cheaper than COBRA insurance.