Can You Keep Your PPO Plan on Obamacare While Spouse Has Job-Based Kaiser Coverage?
If you have employer-sponsored health insurance, you may wonder what happens if your spouse quits their job and loses their coverage. In this blog post, we will discuss what options are available to you in this situation.
Understanding Your Employer-Sponsored Coverage
Employer-sponsored health insurance plans are typically group plans that are offered to employees and their dependents. These plans are regulated by state and federal laws and must meet certain minimum coverage requirements.
If you have employer-sponsored health insurance, you will likely be able to keep your coverage even if your spouse loses their job.
Switching to Marketplace Coverage
If you want to change to a different health insurance plan, you can do so during the Open Enrollment Period, which runs from November 1 to January 15 each year. You may also be able to change to a different health insurance plan if you experience a qualifying life event, such as losing your job or getting married.
If you switch to Marketplace coverage, you will be eligible for subsidies if your income is below certain limits. These subsidies can help reduce the cost of your health insurance premiums.
Keeping Your PPO Plan on Obamacare
If you want to keep your PPO plan on Obamacare, you will need to purchase a plan through the Marketplace that is comparable to your employer-sponsored plan. You may not be eligible for subsidies if you have access to employer-sponsored coverage.
It is important to note that the cost of your Marketplace plan will likely be higher than the cost of your employer-sponsored plan. This is because Marketplace plans are not subsidized by your employer.
Conclusion
If your spouse loses their job and you want to keep your health insurance coverage, you have several options available to you. You can keep your current employer-sponsored plan, switch to a different employer-sponsored plan, or purchase a plan through the Marketplace. The best option for you will depend on your individual needs and circumstances.
If you have any questions about your health insurance options, please contact a licensed agent.
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