For some reason, you may have lost your health insurance coverage. During the Covid-19 pandemic, for example, many people lost their job-related coverage. What’s important, however, is what to do after losing your health insurance.
It’s not a good idea to have no coverage, even for a specific period. Hence, you should make a move and get suitable coverage immediately.
What to Do After Losing Your Health Insurance
After losing your health insurance, the first thing to do is take action. Here are some steps to help you through.
Stay updated
Don’t relax being uninsured. Keep in touch with your present company and find out the plans they have to offer.
Keep all the documents
Before getting new insurance, you’ll need all the evidence of having a previous one with other documents. Reach out to your previous employer and get every necessary document. Such documents include your proof of job and insurance loss.
Partner with a family member
You may get permission to join your spouse’s or parents’ health insurance policy (if you are under 26 years old). However, this is only within the first 30 days after losing your health insurance coverage.
This opportunity will always come with higher premium costs for your spouse or parents. Still, it will almost certainly be one of the most cost-effective replacement coverage options for you.
Buy short-term health insurance
Short-term health insurance is a possible choice if you can’t get coverage through a special enrollment period or other means. Insurance businesses and brokers market these products directly to consumers in locations where they have permission.
Read the list of exclusions carefully. Pre-existing conditions don’t usually get coverage, prices are usually adjusted based on medical history, and applicants sometimes reject coverage. If you qualify, however, this insurance is far less expensive than other alternatives.
Short-term insurance can be kept for up to a year. If you use short-term insurance as a bridge, don’t make a deadline for it.
