How to Get Your Coverage for $50M

AARP is offering $50 million in new coverage for its members in the wake of the Great Recession.

The organization says the new program, which will be launched Monday, offers coverage to those with a gross income of $50,000 or less and has a deductible of $10,000.

AARP says it is a cost-sharing program for individuals who work for an employer that does not provide health coverage.

In addition to AARP, the new coverage covers other groups that have been hit hard by the recession: women, retirees, disabled people, students, veterans, people with disabilities, students with disabilities and people with pre-existing conditions.

The AARP program is similar to the One Care Program for Medicare beneficiaries, which has been in place for a few years and offers health coverage to Medicare beneficiaries up to age 65.