Most people are terrified of the prospect of losing their job. There is a loss of income that is frightening, especially when so many live paycheck-to-paycheck. More importantly, there is the nightmare of losing health insurance coverage. If you, or a member of your family who is on your insurance plan, are ill, this is even more of serious consideration.
What To Do When Changing Jobs
If you know ahead of time that you will be changing jobs or stopping work, be sure to consult with your agent at Don Allred Insurance serving Burlington, NC and the surrounding area. Your agent will help you understand what steps you can take to make a transition to a new insurance program.
What To Do if You Lose your Job
If you unexpectedly lose your job, contact your agent right away. Under most circumstances, there is a short grace period that allows your existing health insurance to continue, which gives time to adjust the coverage and get new insurance if needed. Some insurance carriers allow people to stay covered under a different program. Others do not offer health insurance for individuals and their families if they are not part of a larger group.
Special Enrollment Period
Normally, enrollment in a healthcare program is restricted to just before and after the early part of any calendar year. Under the current heathcare.gov rules (as of December 2019), if you leave a job for any reason or lose your job this qualifies you for a Special Enrollment Period. Usually, you are allowed 60 days from the date of loss of coverage to enroll in a new plan. You must apply for the Special Enrollment Period. Each circumstance is different, so get your agent to help.
There is no need to panic if you lose your job, just contact your agent at Don Allred Insurance in Burlington, NC to understand your options. If you are unemployed, self-employed, or a small business owner with just a few employees, call your agent at 800-280-2230 for help with all health insurance needs.