Unemployed Health Insurance Options – Obamacare Can Help

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 would be ideal for anyone not working 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 new Obamcare options.

Benefits can also be tailored to meet just about any situation, whether the need is for a month or much longer. Of course, Medicaid may be available in certain situations. In many states, Medicaid expansion is taking place, which relaxes the requirements needed to qualify. Also, medical insurance for people with bad credit is also available. We understand that your lifestyle may change due to not working so we’ll search for the most affordable options, including different trade associations.

We are specialists in providing free comparisons of the nation’s best health care 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.

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. And if you need to keep you policy in force for an extended period of time, that should be possible.

In many 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.

Short-term plans are often offered  “off-Exchange,”  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 may be an ideal solution.

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 can help you if that situation arises. Typically, there will be between three and five companies that  are available. 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.

Get cheap medical plans if not working

Affordable Medical Plans For Persons Out Of Work

Plans that cover office visits and prescriptions are also available on each state Exchange  for individuals and families. Although rates are higher, 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.

Non-brand prescriptions can be extremely costly so it’s imperative that this benefit is included in the plan. Usually, there is no cap on the dollar amount of prescriptions paid. Blue Cross Blue Shield, Aetna and UnitedHealthcare are three of the major providers of comprehensive plans.

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 if coverage remains in force for a lengthy period of time.

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, keeping your own coverage might be a great option.

Recent health reform changes are not likely to 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.

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’ll be happy to 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.