Most people in America get their health insurance coverage from their employers, making health insurance benefits more accessible for as long as one has a job. Losing your job means that you will lose the health benefits. Luckily, you can receive health coverage even after losing employer-sponsored coverage with these options:
- Purchase Your Health Insurance through the Marketplace
You can enroll in a Marketplace health insurance plan as soon as you lose your job-based health insurance. You qualify to get a Marketplace plan regardless of whether you quit or were fired.
You only need to file a marketplace application to ascertain whether you qualify for savings on the monthly premiums, children’s health insurance program, or a low-cost plan from Medicaid.
At Design health, we can help you locate a suitable plan for you and your family. We will offer advice and a design plan based on your budget and requirements.
- Register for COBRA Coverage
You can remain on your employer-sponsored health coverage by signing up for COBRA coverage. COBRA coverage allows you to continue on the same cocverage you had with your prior employer for a while after losing your job. Typically, you can remain on the plan for 18 months, as long as you continue paying the full premium, including administrative fees.
Design Health’s professionals will provide the advice you need to make an informed decision if you’re contemplating signing up for COBRA coverage. In addition, we can also provide the support you need when you transition from COBRA coverage to a more another health plan.
- Short-term Health Insurance
With a short-term health insurance plan, you can receive health coverage for a short period, usually 12 months. The best thing about these plans is that you don’t have to qualify for a particular enrollment period or wait for open enrollment.
Talk to a Professional at Design Health
If you’re unsure about the type of coverage to choose after losing your job, our advisors at Design Health are ready to help. Schedule a discovery call to learn more about how we can help you make an informed decision regarding your health insurance coverage.