Can You Use a Health Exchange Plan Until Your Employer’s Insurance Begins?

If you’re starting a new job that doesn’t offer health insurance right away, you may wonder if you can use a plan on the health insurance exchange until your employer’s coverage begins. The answer is yes, you can.

Health Insurance Marketplace

The Health Insurance Marketplace, also known as the health insurance exchange, is a government-run website where you can shop for health insurance plans and compare costs. If you qualify, you may also be eligible for tax credits to help lower your monthly premiums.

To enroll in a health insurance plan through the Marketplace, you must meet certain eligibility requirements, including:

You must be a U.S. citizen or legal resident.
You must not be eligible for Medicare or Medicaid.
You must not be incarcerated.

If you meet the eligibility requirements, you can enroll in a health insurance plan through the Marketplace during the open enrollment period, which runs from November 1 to January 15. If you miss the open enrollment period, you may still be able to enroll in a plan if you have a qualifying life event, such as losing your job or moving to a new state.

When Can I Use Marketplace Insurance?

You can use a Marketplace health insurance plan to cover the gap between jobs or until your employer’s health insurance coverage begins. You can also use a Marketplace plan if you retire early or if you’re self-employed.

What to Do If You Have a Gap in Coverage

If you have a gap in health insurance coverage, it’s important to take steps to protect yourself financially. One option is to purchase a short-term health insurance plan. Short-term health insurance plans are typically less comprehensive than Marketplace plans, but they can provide temporary coverage until your employer’s health insurance coverage begins.

Another option is to sign up for a disaster medical program. Disaster medical programs provide medical coverage to people who have lost their health insurance due to a natural disaster or other emergency.

Seeking Help

If you’re not sure how to get health insurance, you can contact a licensed agent for help. Licensed agents can help you compare plans and find the best coverage for your needs.

Protecting Yourself Financially

Having health insurance is important for protecting yourself financially. Health insurance can help you pay for medical expenses, such as doctor’s visits, hospital stays, and prescription drugs. It can also help you avoid high medical bills that could lead to financial ruin.