Missing the health insurance enrollment deadline can be stressful, but it’s important to remember that there are still options available. Many individuals find themselves in this situation due to unexpected life changes, confusion about deadlines, or simply being unaware of their eligibility. If this sounds like you, don’t panic—there are solutions to explore!
Special Enrollment Periods
If you’ve experienced a qualifying life event, such as losing your current coverage, getting married, or having a baby, you might be eligible for a Special Enrollment Period (SEP). This allows you to sign up for health insurance outside the standard enrollment period. You have 60 days from your qualifying life event to enroll in insurance.
Medicaid or CHIP
If your income qualifies, you may be eligible for Medicaid or the Children’s Health Insurance Program (CHIP). These programs provide affordable coverage year-round and can be a great alternative if you’ve missed the marketplace deadline.
Income within 150% of federal poverty guidelines
If your household income is within 100% to 150% of the federal poverty guidelines you are able to enroll in a plan through the marketplace without a special enrollment period and outside of open enrollment.
Short-Term Health Insurance
While not a long-term solution, short-term health insurance can bridge the gap until the next open enrollment period. Keep in mind that these plans may not cover pre-existing conditions.
Avoid Future Stress
To ensure you don’t miss the deadline again, mark your calendar and set reminders for the next open enrollment period – November 1st. Working with a professional insurance advisor can also help you stay informed about deadlines and coverage options tailored to your needs.
If you need assistance, we at Rodriguez Wealth Group are here to help! Email us at team@rwealthgroup.com or call/text (813)761-2836 to explore your options and get the coverage you need.
Reference:
For more information, visit: Healthcare.gov