Getting Health Insurance When Switching Jobs: Understanding the Options
If you’re like many Americans, you may find yourself switching jobs at some point in your career. And when you do, it’s important to make sure you have health insurance coverage in place.
What is ACA?
The Affordable Care Act (ACA) is a health care reform law that was signed into law in 2010. The ACA has made it easier for people to get health insurance coverage, even if they have a pre-existing condition.
How the ACA Can Help You When Switching Jobs
If you’re switching jobs and you don’t have health insurance coverage, the ACA can help you get covered. You can enroll in a health insurance plan through the Health Insurance Marketplace. The Marketplace is a website where you can compare health insurance plans and choose the one that’s right for you.
What to Do If You Have a Waiting Period for Coverage
Some employers have a waiting period before employees can enroll in health insurance coverage. If you’re switching jobs and your new employer has a waiting period, you may have a gap in coverage.
There are a few things you can do to bridge this gap:
Enroll in a short-term health insurance plan. Short-term health insurance plans are designed to provide temporary coverage for a period of up to 364 days. They can be a good option if you have a gap in coverage, but they don’t cover as many benefits as traditional health insurance plans.
Continue your coverage through COBRA. COBRA is a federal law that allows you to continue your health insurance coverage through your former employer for a period of up to 18 months. However, COBRA coverage can be expensive, so it’s important to weigh the costs and benefits before you decide if it’s right for you.
Enroll in a Medicaid or CHIP program. Medicaid and CHIP are government health insurance programs for low-income individuals and families. If you qualify for Medicaid or CHIP, you may be able to get coverage for free or at a low cost.
Some people have health conditions that may need immediate or continuous medical care, in that case, it’s highly recommended to reach out to our licensed insurance agent to discuss what’s the best plan for you.
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