If you or someone you know has recently lost coverage or will be losing coverage through an employer, is on an ACA Marketplace plan or currently without health insurance, there are options available that may reduce monthly premiums or help you find affordable replacement coverage.
Losing health insurance from an employer because of loss of employment or reduction in hours can be a difficult situation to navigate. There are many options in today’s health insurance landscape. COBRA (Consolidated Omnibus Budget Reconciliation Act) provides individuals or a family continuation of employer health insurance benefits for up to 18 months.
More affordable coverage options are also available based on personal situations and needs. Under the Affordable Care Act (ACA), individuals can enroll in plans regardless of pre-existing conditions. Subsidies or discounts may apply to reduce the true monthly premium cost.
For those in good health, a Short-Term Health Insurance Plan may be a better or more affordable option. Individuals 65 or older can take advantage of Medicare and insurance plans that include prescription drug, dental, vision and hearing coverage.
If you are currently enrolled in an ACA Marketplace plan and your household income has changed, this may affect your amount of savings and coverage you receive. If there is a change in income, an updated application should be submitted as soon as possible. If your income is projected to be lower, you may qualify for an increase in the subsidy applied to further reduce your monthly premium.
The advisors at UROne Benefits have decades of experience helping individuals and families enroll in the health insurance plans designed to meet personal health care needs. Contact one of our advisors today by filling out the form below or calling 800-722-7331. We can help you enroll in practical and affordable health insurance coverage for you and your family.