ACA: Medicaid Coverage After Job Loss – Essential Assistance, Not Ineligibility
Losing job-based health insurance can be a daunting experience, especially if you’re concerned about healthcare coverage. Fortunately, the Affordable Care Act (ACA) offers options to assist individuals in obtaining health insurance, including Medicaid coverage.
Medicaid is a joint federal and state program that provides health insurance to low-income individuals and families, including those who have lost job-based health insurance. In New York City, where the Medicaid expansion benefit is available, individuals who qualify can enroll in Medicaid regardless of their past income.
Does Previous Income Affect Medicaid Eligibility?
No. After losing job-based insurance, your previous income does not determine your Medicaid eligibility. Medicaid considers your current income level only. If you have zero income after losing your job, you may qualify for Medicaid.
Unemployment Benefits and Medicaid Eligibility
If you choose not to claim unemployment benefits, your income will be considered zero. This improves your chances of qualifying for Medicaid. However, if you do receive unemployment benefits, they will be counted as income and may affect your eligibility.
How to Apply for Medicaid
To apply for Medicaid, you can contact your state’s Medicaid agency or visit Healthcare.gov. You can also seek assistance from a licensed health insurance agent.
Other ACA Coverage Options
In addition to Medicaid, the ACA offers other coverage options for individuals who lose job-based insurance:
COBRA: Allows you to continue your employer-sponsored health plan at your own expense. However, COBRA can be expensive.
Healthcare.gov (Obamacare): Offers health insurance plans at a variety of price points, with subsidies available for low- and middle-income earners.
Don’t Delay
If you lose job-based health insurance, don’t delay in exploring your coverage options. Medicaid and other ACA plans can provide essential healthcare protection. By understanding your eligibility and options, you can ensure you have access to the coverage you need.
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