Unemployed Health Insurance

If you are one of the 30 million people who have recently applied for unemployment benefits, you may be wondering what you will do with your health insurance. According to Carpenter, people who have lost their insurance have a range of options to pursue a new plan under the Affordable Care Act that includes coverage for people with pre-existing conditions such as cancer, heart disease, and diabetes. The American Medical Association (AMA) is working with the American Health Care Association and the National Association of Health Insurance Plans (NHIP) on behalf of people who have recently lost health coverage due to job cuts to raise awareness of these options so that the recently unemployed can regain family health coverage. Special enrollment periods (SEPs) are offered by HealthCare.gov for people who recently lose their subsidized health insurance or employer because of job cuts.

These are designed to help close the gap in health insurance coverage until a longer-term solution can be found. If you can't find another health insurance or don't want large health insurance, a temporary solution is a short-term health insurance plan. This provides almost immediate, short-term coverage to fill the gap while you wait for your other coverage to begin.

Most short-term plans are easy to get and a helpful solution if you are looking for health insurance for the unemployed. Temporary health insurance can be a good way to get emergency care when you are unemployed or in need of it.

If you are not employed and have had to reduce your working hours, you may be able to continue your previous employer's health insurance under COBRA. The cost of short-term health insurance is usually expensive, and because of these costs, COBRA is not ideal for unemployed people who have limited financial resources. Read more about it and assess whether COBRA coverage is too expensive to see if you can find better health insurance even if you already have a pre-existing condition.

If you do not wish to extend your employer's coverage, you can switch to private health insurance to be insured under the new private plans that are common in the market. If your spouse is still employed and is covered by his/her employer and you lose your job under COVID (or 19 other reasons), you can go on your relative's plan.

Remember, if you are looking for individual or family coverage and want to see if you are eligible for government assistance, unemployment does not mean that you are at the top of the health insurance list (except for coronavirus). However, your employment status does not prevent you from receiving coverage under the Affordable Care Act (ACA) or other government health programs.  If you decide to live in N.H. and buy health insurance on the private marketplace, enter your ZIP code to search for eHealth benefits. These steps will best help you find health insurance in your area.

If you are unemployed and need health insurance, consider your options. Under the ACA, health insurers could charge individual health insurance premiums based on your income, age and other factors such as your health. You can get cheap health insurance on the marketplace, the savings of which depends on your income and household size. If you have a qualifying illness, such as a pre-existing illness or the loss of your employer-sponsored health insurance, look for a health plan. Some plans may seem unaffordable, but there are ways to cut costs by choosing a plan with lower deductibles, lower pocket costs, and lower co-payments.

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