Finding affordable health insurance for you and your family can be difficult. Especially when you try navigating the health insurance marketplace by yourself. Truecoverage wants you to learn everything that you need to know about the health insurance open enrollment 2020.
What is the Health Insurance Open Enrollment Period?
Health insurance open enrollment is a period where you can enroll in a health insurance plan in the marketplace. Unfortunately, that open enrollment period for 2020 is over. The good news is that you still have options.
What if I Miss Health Insurance Open Enrollment 2020?
The good news is that you do have options even if you miss this period.
Despite the fact that the ACA no longer fines you for not having health insurance, you should still invest in it because sometimes the unexpected happens. If you don’t have health insurance when it does, you can end up in serious financial hardship.
To buy insurance from the marketplace outside of the open enrollment, you need to qualify for a SEP (special enrollment period). These are some qualifying events:
- Losing existing healthcare, such as employer-provided, student health plans, and individual funded plans.
- Losing eligibility for CHIP, Medicaid, or Medicare.
- Losing your parent’s health insurance after turning 26
- Change in household (divorce, marriage, adoption/having a child, death in the family)
- Change in residence
Open Enrollment Special Circumstances
There are also special circumstances where you can apply outside of open enrollment, including:
- Sudden hospitalization
- Temporary cognitive disability
- Natural disasters (hurricanes, earthquakes, etc.)
- Spousal abandonment/domestic abuse
- Technical or human error outside of your control during enrollment
With the help of affordable health insurance brokers, you can see all of your cheap health insurance options to find the right plan for your budget and your needs.