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I lost my job. How can an insurance Marketplace help when I’m out of work?

ANSWER

If you’re out of work, you can buy health insurance in a Marketplace, also called an Exchange. Each state has Marketplaces, which let you shop online for a health plan, compare prices and benefits, and learn if you qualify for government aid to pay for premiums. You can find out if you qualify for Medicaid, which helps low-income people.

Marketplaces have a limited open enrollment period. If you lose your health insurance because you lost your job, you can get a special enrollment period.

From: Health Insurance When You're Out of Work WebMD Medical Reference

SOURCES:

HealthCare.gov: "Young Adult Coverage;" "Young Adults and the Affordable Care Ac;," "Pre-existing Condition Insurance Plan (PCIP);" and "What's Changing and When."

U.S. Department of Labor: "Frequently Asked Questions: COBRA Continuation Health Coverage;" "FAQ About Portability of Health Coverage and HIPAA;" and "Fact Sheet: Job Loss -- Important Information Workers Need to Know to Protect Their Health Coverage and Retirement Benefits."

Whitehouse.gov: "A More Secure Future: Relief for You."

Reviewed by Sarah Goodell on February 14, 2018

SOURCES:

HealthCare.gov: "Young Adult Coverage;" "Young Adults and the Affordable Care Ac;," "Pre-existing Condition Insurance Plan (PCIP);" and "What's Changing and When."

U.S. Department of Labor: "Frequently Asked Questions: COBRA Continuation Health Coverage;" "FAQ About Portability of Health Coverage and HIPAA;" and "Fact Sheet: Job Loss -- Important Information Workers Need to Know to Protect Their Health Coverage and Retirement Benefits."

Whitehouse.gov: "A More Secure Future: Relief for You."

Reviewed by Sarah Goodell on February 14, 2018

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What are preexisting conditions in your insurance, and how can they affect you when you're out work?

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THIS TOOL DOES NOT PROVIDE MEDICAL ADVICE. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional medical advice, diagnosis or treatment and should not be relied on to make decisions about your health. Never ignore professional medical advice in seeking treatment because of something you have read on the WebMD Site. If you think you may have a medical emergency, immediately call your doctor or dial 911.

    This tool does not provide medical advice. See additional information.

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