Can’t Wait for Employer Health Coverage? Options for Affordable Insurance ASAP

If you’ve recently started a new job and are facing a gap in health insurance coverage, you’re not alone. Many employers have a waiting period before new hires are eligible for benefits, which can leave you uninsured for weeks or even months. But don’t panic! There are options available to help you secure affordable health coverage right away.

Obtaining Health Insurance During Employment Gap

One option to consider is the Health Insurance Marketplace, also known as Obamacare. The marketplace offers a variety of health insurance plans from private insurers, and depending on your income, you may be eligible for government subsidies to help lower your monthly premiums.

To enroll in a marketplace plan, you must meet the following criteria:

Be a U.S. citizen or legal resident
Not be currently incarcerated
Not be eligible for other types of health insurance, such as Medicare or Medicaid

You have 60 days from the date you lose your previous health insurance coverage to enroll in a marketplace plan. If you miss this deadline, you may have to wait until the next open enrollment period, which is typically in the fall.

Understanding Short-Term Health Insurance

Another option to bridge the gap in coverage is short-term health insurance. Short-term plans are typically less comprehensive than marketplace plans, but they can be more affordable and may be a suitable option for those who need temporary coverage.

Short-term plans typically cover the following benefits:

Doctor visits
Hospitalization
Prescription drugs
Emergency care

However, short-term plans do not cover pre-existing conditions, so they may not be suitable for those with chronic health issues. Additionally, short-term plans are not eligible for government subsidies, so they can be more expensive than marketplace plans.

Additional Considerations

If you have specific health concerns or require ongoing medication, it’s important to consider the coverage options available through each plan type. It’s also a wise idea to consult with a licensed insurance agent to compare plans and determine which one is the best fit for your individual needs and budget.

Remember, having access to health insurance is crucial for your well-being. By exploring the options available, you can secure affordable coverage and bridge the gap in coverage until your employer’s benefits kick in.