How to Maintain Health Insurance Coverage During a Career Break

Losing health insurance coverage during a career break can be a major concern. Without insurance, you could face high medical costs if you get sick or injured.

Fortunately, there are several options to maintain health insurance coverage during a career break.

1. Consolidate Vacation and Leave

If you have accrued vacation or leave time, you may be able to use it to extend your health insurance coverage. This is a good option if you are planning a short break.

Example: Suppose you have 30 days of accrued vacation time. You plan to take a two-month break. Using your vacation time will allow you to maintain health insurance coverage for your entire break and avoid a gap in coverage.

2. COBRA

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows you to continue your employer-sponsored health insurance for up to 18 months after you leave your job. However, COBRA coverage is typically more expensive than employer-sponsored coverage.

3. Individual Health Insurance

You may be able to purchase an individual health insurance plan through the Health Insurance Marketplace or directly from an insurance company. However, individual health insurance plans may also be more expensive than employer-sponsored coverage.

Example: If your employer-sponsored health insurance premium was $500 per month, you may have to pay $800 or more per month for an individual health insurance plan.

4. Medicaid

If you have low income, you may be eligible for Medicaid. Medicaid is a government health insurance program that provides coverage to low-income individuals and families.

5. Family Coverage

If you are married, you may be able to get health insurance coverage through your spouse’s employer.

Example: If your spouse’s employer offers health insurance coverage to spouses, you may be able to get coverage through their plan.

Tips for Maintaining Health Insurance Coverage

Plan Ahead: If you are planning a career break, start planning for your health insurance coverage early.
Research Your Options: There are several different options to maintain health insurance coverage during a career break. Explore all of your options and choose the one that is best for you.
Consider the Costs: The cost of health insurance coverage can vary depending on the type of coverage you choose. Be sure to consider the costs before making a decision.
Seek Professional Help: If you need help choosing a health insurance plan, contact a licensed health insurance agent. They can help you find a plan that meets your needs and budget.