DO WHAT THE LIGHT TELLS YOU TO DO - CHECK THE OIL! I suspect you will find it low on oil - add oil to the full mark - if not low you may have a low pressure condition and this is a whole different and more costly can of worms. Continue to look at the light and ignore and you will need a new engine - this is probably end of life for the car due to the expense.
If its not low on oil could be a faulty switch
Change the oil. It is probably old, which will make the oil thin out more when it is hot. Also, I would use a slightly heavier weight oil, like 10W40 or 20W50
I drive a 2000 VW Jetta. It runs good but once I take off and get going a little ways and the car warms up, my check oil light appears and then soon after I hear a ticking. Once this happens I have to pull over and let the car cool off before I drive again. What should I do? How much will it cost to fix?