Losing Employer Coverage? Here’s What You Can Do for Health Insurance in Sacramento

Losing Employer Health Coverage? Here’s What You Need to Know!

Losing employer-sponsored health insurance can be stressful, but there are several options available to ensure you remain covered. Whether you were laid off, left your job, or your employer stopped offering health insurance, you have choices. Here’s what Sacramento residents need to know about securing new health coverage.

1. COBRA Coverage

COBRA allows you to keep your previous employer’s health plan for a limited time, usually up to 18 months. However, you will have to pay the full premium, which can be costly. If you need temporary coverage and can afford the higher cost, COBRA may be a good option.

2. Covered California (Marketplace Plans)

California operates its own health insurance exchange, Covered California. Losing job-based insurance qualifies you for a Special Enrollment Period, meaning you can enroll in a new plan outside of the usual Open Enrollment Period. You may also qualify for subsidies to lower your monthly premiums based on your income.

3. Medicare Options

If you are 65 or older, losing employer coverage means it may be time to transition to Medicare. Depending on your needs, you might choose Original Medicare and a Medicare Supplement plan or a Medicare Advantage plan. If you need help navigating Medicare, working with a local specialist can be beneficial.

4. Join a Family Member's Plan

If your spouse has employer-sponsored coverage, you may be able to join their plan, especially if losing your own coverage is considered a qualifying life event. Most employer plans allow a 30-day window to add dependents after a qualifying event. If you're under 26, you might also qualify to be added to a parent’s health plan. This can be a cost-effective and convenient option, especially if your family member already has good coverage.

5. Short-Term or Gap Coverage

If you only need temporary coverage until you start a new job with benefits, a short-term plan might be an option. These plans offer limited benefits but can help cover unexpected medical costs in the meantime.

6. Medi-Cal (California's Medicaid Program)

If your income is significantly reduced after losing your job, you may qualify for Medi-Cal, which offers free or low-cost health coverage. Eligibility is based on income, and you can apply year-round.

Need Help? We’re Here for You!

Choosing the right health insurance plan can be overwhelming, especially during a stressful transition. If you live in Sacramento and need guidance on your health insurance options, we’re here to help! Contact us for a free consultation to explore your best coverage options and avoid gaps in healthcare.

📞 Contact me today at 916-346-4417 for no-fee assistance!