When you become unemployed, it is a struggle to get the health insurance you need. One option would be to purchase it from the Healthcare Marketplace. Your unemployment benefits count as income, but you’ll need to give an estimate of the amount you receive in these benefits when applying for insurance. Another option would be to apply for your state’s Medicaid benefits. Most hospitals and clinics accept this insurance so it would be a neat option for you. Here are other ways to obtain health insurance when unemployed.
Get on Your Spouse’s Plan
Another option would be to get on your spouse’s health insurance plan as a dependent. During the Healthcare Marketplace open enrollment during a special period, you will show proof to the insurance company of your job loss before the company allows you to join your spouse’s plan. By doing this, you still have health insurance until you’re employed again and able to purchase your own plan again.
Consider a COBRA Plan
If you just lost your job, then consider a COBRA plan. This plan allows you to continue receiving healthcare benefits from your former employer for a certain period of time. As part of President Joe Biden’s American Rescue Plan Act of 2021, the federal government will pay for COBRA insurance premiums of those who lost their jobs due to the pandemic between April of last year and September of this year. It’s important to note that in order to qualify for COBRA benefits, you must have been enrolled in your employer’s health insurance plan before you lost your job.
Check Out Your Parents’ Health Insurance Plan
If you’re in college and lose your job, you can go on your parents’ insurance plan. Under the Affordable Care Act, adult children up to age 26 can receive coverage under their parents’ plan. This will keep you insured until you find work again and are able to get your own policy again. You don’t have to feel bad about needing to do this. Your parents will be happy to assist you during this difficult time.
Enroll in Medicare
If you’re getting ready to turn 65 and have just retired, then you should enroll in Medicare. You will need to apply on the Social Security Administration’s website. When you first enroll in Medicare, you’ll apply for Medicare Part A. This section covers hospital stays, stays in skilled nursing facilities, inpatient care in a nursing home, and hospice care. But you should also enroll in Medicare part B. This section covers ambulance services, bone density tests, cardiovascular screenings, and diabetes screenings. Medicare part C is a health plan that covers services that parts, And B won’t cover. Medicare part D pays for prescriptions.
Choose Private Health Insurance Directly Through The Company
For those who are unemployed and who don’t want to go through the Marketplace, you can buy health insurance through the company directly. Some private insurance companies are not compliant with the Affordable Care Act so conduct thorough research on them before choosing a policy.
These tips will help you obtain health insurance when unemployed without sacrificing the quality.
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