If you lose your work and are no longer insured by your employer, the marketplace may be able to help you obtain inexpensive health insurance.
Now is the time to use our screener to see if you qualify for a Special Enrollment Period.
When it comes to job loss and health insurance, there are a few things to bear in mind:
Health insurance is available through the marketplace. If your job-based health insurance is terminated for whatever reason, you can acquire a private health insurance plan in the marketplace. Even if you leave your work outside of Open Enrollment, this is true. When you apply for Marketplace coverage (CHIP), you’ll find out if you qualify for Medicaid or the Children’s Health Insurance Program when you apply for Marketplace coverage (CHIP).
What is covered under Marketplace plans? Essential health benefits, pre-existing diseases, and preventive treatment are all covered by the plans. The majority of those who apply will be eligible for cheaper charges. You can see pricing for several plans based on your income and household size.
Coverage under COBRA. You can keep your COBRA coverage if you have it. You may get coverage through the marketplace in some cases. You are eligible for a Special Enrollment Period if COBRA coverage expires outside of Open Enrollment.
Other scenarios: If you’re unemployed, self-employed, or work part-time, learn about your alternatives.