I’m covered on my parents’ health plan, but I’m turning 26 soon and won’t be eligible to stay on their plan. What are my options?

You should act now to review your coverage options and sign up for new coverage.

If your parents get their insurance through an employer that has at least 20 workers, you may be able to continue that coverage (known as COBRA) for up to 3 years, but it will likely be much more expensive than other coverage options.

If you are employed, find out if your employer offers health insurance and if you qualify. If not, depending on your income, you may be eligible for financial assistance for a plan on the health insurance Marketplace. You can sign up for Marketplace coverage during the annual Open Enrollment, or you may qualify for a Special Enrollment Period any time within 60 days of losing your parents’ coverage. If your state uses the federally facilitated Marketplace (HealthCare.gov), you will need to provide proof of the coverage loss to be eligible for the special enrollment opportunity. Contact your state Marketplace website or a health insurance navigator or assister for more information.

Compare plans for access to your doctors, premiums, and cost sharing that meet your needs, as they will differ for each of these options.

Finally, if your income is very low, you might qualify for Medicaid. You can find out if you’re eligible for Medicaid coverage while shopping for plans on the Marketplace. If you are eligible for Medicaid, you will not be eligible for financial assistance for a Marketplace plan. Medicaid is open for enrollment year-round. For help with a Medicaid application, contact a health insurance navigator or assister, or the Marketplace call center. You can also visit HealthCare.gov or your state’s Medicaid agency.