Find Affordable Health Insurance In Your Area!
For the majority of the country, getting health coverage through our employers is one of the most affordable ways to protect your health without spending a fortune. However, what happens when we are in need of health insurance between jobs? Do we hope to remain healthy and ignore and health scares? No!
Thankfully, there are a number of health insurance options you can look into when you’re are out of work, or waiting for your next opportunity.
Can You Stay On Your Employers Health Plan?
In the event that you voluntarily leave your job, get fired, or laid off, you can stay on your employer’s health plan. The last day of your employment can dictate when your ability to be on your employer’s health plan expires. Many employer’s health plan policies allow you to remain insured through the end of the month.
For example, if your employment with a particular company ended on February 12th, then you will remain insured under your employer’s health plan until the end of the month of February. You can choose to end your coverage sooner just by contacts the benefits administrator of your old job.
Where COBRA Comes In
COBRA is an acronym for Consolidated Omnibus Budget Reconciliation Act. This act allows employees to keep their employer’s health plan even if they are no longer employed with the employer. With the COBRA program, you don’t need to pick another plan. You can just proceed with the plan that you were on during the time that you were employed. There is no need to find a new doctor or to transfer your medical records since the COBRA program allows you to keep everything the same.
Depending on your circumstance you can remain on the COBRA program for up to 1 and a half years or 3 years. Be mindful that every health insurance plan is not subject to the COBRA program. In order for your health plan to be eligible, it must be offered through a private-sector that has at least twenty full-time employed individuals.
Also, if your employer had gone bankrupt, then you will not be eligible for COBRA because you will have no employer health plan to continue with.
You’re Eligible for Marketplace Plans
You may already be familiar with the Affordable Care Act’s (Obamacare) health insurance marketplace. It’s where millions of American families who are looking for affordable coverage begin their search, and for good reason. Your state exchange is the only place that you can find subsidized health insurance for you and your family.
Typically, you would have to wait for until the Open Enrollment Period to enroll in one of Obamacare’s marketplace plans. However, there is something called a Special Enrollment Period, which you become eligible for when you go through what is known as a Qualifying Life Event (QLE). Loss of job falls under that category.
If you need to get health insurance now, then short-term insurance coverage may be the thing for you. If you have missed the chance to sign up for the Cobra program or missed the deadline to sign up for one of Obamacare health plans, then it’s worth exploring short-term plans.
Unlike a private health insurance plan, short-term insurance can start with-in a 24 hour period. Many of these plans can be affordable, with some plans averaging less than $200 per month.
Short-term health insurance is the ideal health insurance between jobs because you can cancel at any time. There is no fee or mandatory time frame for you to keep the insurance. If you sign up for this health insurance between jobs one month and the next month you receive a job offer that includes medical coverage then you can immediately cancel your short-term coverage.
Private Individual & Family Coverage
If you have a family, then you may feel that it is impossible to find family health insurance between jobs. This is a misconception. There is a private health insurance plan available to you and your family. A private insurance plan is not one that is connected only to an employer, nor is it administered by the state or federal government. There are a number of companies that offer private health insurance for you and/or your family.
Start Shopping For Quotes With FirstQuote Health
No one should be forced to go without health coverage due to loss of a job, and at FirstQuote Health, we understand that. That’s why we are committed to helping you find affordable, and quality health insurance plans that fit your budget and needs.
Plans and pricing vary by state and even county. So, in order to get the most accurate health insurance quotes in your area, all you need to do is enter your zip code. From there, you can start your search, and even compare plans side by side to find the perfect fit.