If someone is laid off, he/she has the option of signing up for COBRA. What if COBRA is too expensive? Group health insurance policies can help you if you don’t want to opt for COBRA. It’s also ideal for small business owners. Wall Street Journal published an article today explaining how to get health insurance using group policy.

Form a small business or use your existing business to buy group insurance policy to save on insurance costs especially if you have pre-existing conditions. Although this option is not cheap for young people, it will work out better for 50+ crowd. Even if you are the only one employee in your business, you may be still able to participate in group insurance policy of your company.

Related Link: Improved COBRA insurance subsidies for the unemployed