Losing Health Insurance? What To Do Next!
If you’ve lost or will be losing job-related health insurance in the midst of the coronavirus crisis, you need to take action quickly. A number of options have time-limited deadlines, ranging from 30 to 60 days from the loss of coverage, so it’s important to promptly secure the documents, such as proof of job and health insurance loss, that you’ll need when applying for insurance under the Affordable Care Act (ACA) or Medicaid.
*[KEY NOTE] If you experience loss of income and have been paying for your own insurance under the ACA, you can revise your estimated yearly income and perhaps get a subsidy and lower monthly premiums.
If you need to get health insurance now, mind these deadlines, which start from the date you lose your previous coverage:
- 30 days to be added to a spouse's or parent's health insurance (under 26 years of age)
- 60 days for the special enrollment period on the Health Insurance Marketplace
Click the Toggles Below for more information:
Nov 1st through Dec 15th
- Loss of health coverage
- Losing existing health coverage, including job-based, individual, and student plans
- Losing eligibility for Medicare, Medicaid, or CHIP
- Turning 26 and losing coverage through a parent’s plan
- Changes in household
- Getting married or divorced
- Having a baby or adopting a child
- Death in the family
- Changes in residence
- Moving to a different ZIP code or county
- A student moving to or from the place they attend school
- A seasonal worker moving to or from the place they both live and work
- Moving to or from a shelter or other transitional housing
- Other qualifying events
- Changes in your income that affect the coverage you qualify for
- Gaining membership in a federally recognized tribe or status as an Alaska Native Claims Settlement Act (ANCSA) Corporation shareholder
- Becoming a U.S. citizen
- Leaving incarceration (jail or prison)
- AmeriCorps members starting or ending their service
Toll Free: 1 844-533-7432
- Having individual health insurance provides continuous coverage because you don't lose it when between employment and rarely do most people keep the same job until age 65. You can review all the advantages of individual plans by clicking here.
- However during the pandemic we are recommending everyone try and keep their current group coverage for the duration, if your employer will continue their contribution to your plan you should work with your company plan administrator to see what they are planning.
- If you should lose your health coverage and is offered COBRA as a means of continuous coverage, it is NOT recommended even if the company subsidize your COBRA payment, this is still the most costly option. Instead try and get Medicaid, or and Exchange plan, these plans will provide the most comprehensive coverage, especially if you can qualify for a subsidy. To review all features of ACA plans click here.
- We recommend avoiding non ACA compliant plans, such as short term, hospital indemnity, and shared ministry plan options, these types of plans work best when you are healthy for routine check ups and wellness visits, but during a global pandemic outbreak, you will need comprehensive credible coverage, that meets the minimal essential benefits.
- We recommend you continue to work with a trusted local health insurance agent, your plan administrator or company benefit adviser, they can be a reliable source of information and guidance, during this time.
- Be mindful that the CARES Act requires insurers to cover the cost of testing for the coronavirus and expands coverage of tele-health visits, but it does not cover the cost of treatment for COVID-19.