When it comes to having access to medical care, paying for prescriptions, and simply having peace of mind about your health, individual health insurance is a huge benefit. Unfortunately, it’s not uncommon for people to lose their health insurance. For instance, this can occur if you’ve recently experienced the loss of a job, or a change in marital status. But, of course, you still need medical coverage, so how exactly do you get individual health insurance? There are a few options to consider.
Sign Up for Cobra
This is a program that allows employees to extend their health insurance coverage if they’ve lost a job or quit. Most businesses with at least twenty employees offer coverage options through Cobra. Although, you’ll need to verify if you have this option to hold you over. This is not a permanent solution, but it provides temporary coverage, giving you more time to find a long-term solution.
Enroll Via the Affordable Care Act Site
If you’ve lost your job, you can sign up for insurance under the Affordable Care Act. This will be an option if you’ve lost coverage due to losing your job. You have up to 60 days to sign up for this insurance, so make sure that you don’t delay. The good news about this option is that there may be multiple plans offered by your state. The pricing and coverage tends to vary, so make sure to read through each one carefully to find the option that meets your needs, as well as your budget. This is one of the most affordable options if you qualify. You can then later change your plan (if needed) during the open enrollment period.
If you’ve experienced a significant decrease in income or have a lower income, in general, you may qualify for Medicaid in some states. Each state has different rules and regulations regarding eligibility, but thirty-four states have expanded their Medicaid coverage to include low-income individuals. Review your annual income and check if you meet the requirements to apply for Medicaid. While not everyone will qualify, if you’ve recently lost you job, this can provide a security net.
Individual Health Insurance
Having individual health insurance is important, so don’t put it off. Depending on your situation, you may find that none of these options are available to you. If none of these options are right for you, contact Michael McGann at (925) 447-1744 to learn more about your health insurance options. Or, send him a message by clicking here. It only takes a moment.