What should I do for health insurance between jobs?

Answer 1

If you’re between jobs and need health insurance, here are a few options to consider:

1. **COBRA Coverage** – If your previous employer offered health insurance, you might be eligible for COBRA, which allows you to continue your existing coverage for up to 18 months. However, it can be expensive since you’ll pay the full premium.

2. **Marketplace Health Insurance (ACA Plans)** – You may qualify for a **Special Enrollment Period (SEP)** due to job loss, allowing you to purchase a plan through the **Affordable Care Act (ACA) Marketplace**. Subsidies may lower your costs depending on your income.

3. **Short-Term Health Insurance** – These temporary plans provide limited coverage for a few months and are typically more affordable. However, they may not cover pre-existing conditions or essential health benefits.

4. **Medicaid** – If your income is significantly reduced after leaving your job, you might qualify for **Medicaid**, a low-cost or free government health insurance program.

5. **Spouse’s or Parent’s Plan** – If your spouse has employer-sponsored health insurance, you may be able to enroll in their plan. If you’re under 26, you can also join a parent’s plan.

6. **Health Sharing Plans** – Some non-traditional health sharing ministries or cooperatives offer coverage, though these are not regulated like standard insurance.

Answer 2

When transitioning between jobs, you can consider options like COBRA coverage, purchasing a short-term health insurance plan, or enrolling in a marketplace plan through the Affordable Care Act. It's important to maintain continuous coverage to avoid gaps in health insurance.