Affordable health insurance for unemployed persons can be easily purchased. And if you’re without a job, you are probably uninsured. Many of the nation’s top carriers offer coverage that is ideal for anyone not working, laid off, or between jobs. Many low-cost plans are designed to keep rates within your budget and allow individuals or families to cancel coverage at any time. Part-time workers can also benefit from many Obamcare options that feature large federal subsidies.
Benefits can also be tailored to meet just about any situation, whether the need is for a month, or much longer. Medicaid may be available in certain situations, depending upon your current income and eligibility requirements in your state. In many parts of the country, Medicaid expansion has been approved, which relaxes the requirements needed to qualify. Benefits are very comprehensive, and include preventative and catastrophic benefits. Dependent children may be eligible for CHIP, while pregnant mothers may also be able to qualify for coverage.
Medical insurance for persons with bad credit is also available. We understand that your lifestyle may change due to not working so we search for the most affordable options, including different trade associations. Fortunately, your credit rating is not an underwriting factor on Marketplace and most other plans. Also, temporary reductions in projected household income will actually increase your amount of eligible federal subsidies.
We Search For The Best Available Options
We are specialists in providing free comparisons of the nation’s best healthcare policies. We show you quality plans that are popular for persons that are between jobs, without coverage or not presently working. The policies found on our website feature the lowest rates from each insurer for private coverage. If your employer offers benefits, you should always consider and compare that offer, especially since it may impact the amount of federal aid you receive to pay premiums.
We never charge any fees and you can always communicate with a “live” person instead of computer-generated email responses. And of course, if you’re out of work, it may only be temporary, so easy cancellation of your policy is always a major benefit. If you need to keep your policy in-force for an extended period of time, many policies are available, both on and off the Exchange. Benefits, however, may not match Marketplace benefits.
If you are eligible for COBRA, we will help you review the plans that are offered by your employer, which should be identical to the most recent coverage you lost. Typically, you will be offered up to 18 months of continuing coverage, with your spouse and dependents also eligible. You may also choose to elect coverage on specific family members instead of the entire household.
NOTE: Many additional unemployed benefits that are not healthcare-related, are offered by the federal government. This includes disability coverage (short-term and long-term), workman’s compensation, wrongful discharge and termination of employment. Social Security disability insurance and Supplemental Security Income (SSI) may also be offered, depending on your financial need.
Cheap Temporary Medical Coverage
In some situations, the best type of medical coverage for a person that is unemployed is a “short term” policy. Premiums are substantially less than comprehensive plan rates, and policies are often approved within 15-45 hours. Although pre-existing conditions are not covered, in-hospital, outpatient and catastrophic benefits are included, which is often the type of policy preferred by the unemployed. NOTE: Subsidized Marketplace plans should always be considered before purchasing a short-term policy.
Short-term plans are not required to include “essential heath benefits,” which means although the underwriting carrier is quite reputable (such as UnitedHealthcare or Blue Cross), many mandatory benefits that are included in other plans, will be missing. For example, maternity, mental and substance abuse, and pediatric and adult wellness may be limited or subject to a deductible. However, if you need a policy quickly issued and plan on keeping it in-force for only a few months, it still may be an ideal solution, especially if your household income is too high to qualify for ACA financial aid.
Flexibility is one of the strongest features of a temporary health plan. There are many coinsurance and deductible options that allow you to pay the premium you want. And cancellation of coverage is simple and can be done at any time, even if benefits have not run out yet. It typically only involves a phone call or email.
A “short term” policy is also very easy to find. Most insurers offer this type of plan and make the process easy to obtain or terminate coverage. For example, if the insured is suddenly called back to work after only having the policy for a few weeks, a refund will be credited for the portion of the coverage that was not used. However, most carriers only allow two consecutive policies, so if additional coverage is needed, a different company will have to be used. As long as you are not being treated for any major ailments, you will probably be accepted by the second carrier.
We guide you if a temporary-needs situation arises. Typically, there will be between three and five companies that are available, although selected states have limited options. However, if a major health condition has arisen, it may be best to apply for a “guarantee-issue” plan during Open Enrollment. You do not have to provide any medical information and any existing or past conditions would be covered.
Federal And State Exchange Plans
Plans that cover office visits, (PCP and Specialists) and prescriptions are also available on each state Exchange for individuals and families. Although rates are higher for Silver and Gold-tier options, the coverage will closely match group coverage that may have been recently in effect. Office visits are usually covered with a small copay (often $15-$40) and prescription coverage will provide benefits with low or shared cost. Bronze-tier plans often place a deductible on major medical AND office visit expenses.
Non-brand prescriptions can be extremely costly, so it’s imperative that this benefit is included in the plan. There is no cap on the dollar amount of prescriptions paid, although deductibles, copays, and coinsurance can apply. Blue Cross Blue Shield, Aetna, Humana, and UnitedHealthcare are four of the major providers of comprehensive plans. However, in many states these carriers are choosing not to offer coverage, because of large amounts of claims paid in 2015 and 2016.
Preventive benefits such as routine annual physicals, mammograms, and OBGYN visits are required to be included with no waiting period or out-of-pocket cost. This feature is often very beneficial, especially if coverage is only kept for a few months, regardless of the reason(s) the plan is terminated. Many diagnostic tests and services are also considered preventative, and service is provided with no out-of-pocket cost.
Each year, preventive benefits can be utilized. Even after an individual becomes employed, a comprehensive plan can be kept until age 65 with no risk of cancellation because of change in health. If the rates are quite high on a plan that is offered through a workplace, considering your own private coverage might be a possible option, although a federal subsidy may not be available unless your work plan is determined to be “affordable.”
Healthcare Reform Changes Continue
Health reform changes over the last five years may have a significant impact on unemployed persons. COBRA options, although expensive, are still available and advisable for those with serious medical issues. Spouses and dependents can also qualify for COBRA. However, available federal subsidies during Open Enrollment each year could be a more affordable choice and should be compared. It is important to properly project your household income, so that the subsidy is correctly calculated.
Individual plans are usually a less expensive option and you no longer have to medically qualify. There is sometimes a small risk to consumers if a carrier “pulls out” of the state where you live. For example, Aetna stopped offering individual coverage in Indiana, although very few customers were affected since their premiums were so high.
We assist anyone who has questions regarding the best health insurance options for the unemployed. Feel free to view free quotes by entering your zip code at the top of the page. You are under no obligation and you can view plan choices at your own pace. If you remain jobless for an extended period of time, additional federal options may also be available.