How to get health insurance without a job

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No matter the circumstances, unemployment can be stressful – and maybe even a little frightening. There are so many unknowns, right? Especially that moment when you realize you still need health insurance. But getting quality coverage is easier than you think, whether you’re looking for something temporary or long term. Let’s walk through all the different ways you can find, buy and enroll in affordable coverage while you’re unemployed.

Health insurance options when you become unemployed

Under the Affordable Care Act (ACA), you’ll no longer have to face penalties for being uninsured. However, access to quality health care at an affordable price is still an important part of your overall well-being, especially if you have pre-existing conditions. But what about the insurance you had at your last job? Typically, employer-sponsored health coverage ends either on your last day of employment or the last day of the month in which you stopped working.

In the meantime, it’s important to find a coverage option that suits your needs. Both temporary and long-term health insurance plans can be found on insurance marketplaces, through brokers and even from insurance companies themselves.

And you may not have to wait long to enroll, either. Typically, leaving a job is considered a qualifying life event. This makes you eligible for a special enrollment period, so you don’t have to wait for open enrollment to join a new health insurance plan.

What about COBRA? Is it worth it?

If you’ve recently left your job, you might be able to continue receiving coverage through your work’s health plan through the Consolidated Omnibus Budget Reconciliation Act (COBRA). A COBRA plan can last up to 18 months or even longer depending on your situation. This option can get quite pricy if your organization has a high COBRA rate, but it may be worth exploring as a temporary solution while shopping around for a plan that better suits your needs.

Where to shop for health insurance if you’re unemployed

Luckily, there are many health insurance companies that want you as a member. This means you’ll have plenty of options to choose from so you can find your best fit. Here’s where you can get started.

Check out your state’s health insurance marketplace

When it comes to shopping for health insurance, your first stop should be your state’s health insurance marketplace. Some states will have their own marketplace, like Minnesota’s MNsure, while others go directly through the federal exchange at HealthCare.gov. There are several excellent reasons why you should point your web browser here before anywhere else:

  • Wide selection of insurers and plans– Whether it’s through your state’s marketplace or through the federal exchange, you’ll find a market with many insurers competing for your membership. You’ll find local, regional and national companies offering many kinds of plans.
  • Plans that are easy to compare– These marketplaces classify plans into four different “metal” levels – Bronze, Silver, Gold and Platinum. The higher up in the metal scale, the higher the plan’s cost and the higher the amount of care the plan covers. (The scale only compares costs and coverage – NOT the quality of care you’ll receive.) This makes comparing plans easier, giving you a true “apples to apples” way to stack plans up against each other.
  • Save money with financial help – This is the biggest reason why you should start with your state’s marketplace. You could be eligible for financial help that could lower the costs of what you will pay in premiums – sometimes significantly. These are only available through the marketplaces, so it’s best to check your eligibility here first.

Discounts for Minnesota shoppers

For shoppers in Minnesota, your state health insurance marketplace is MNsure. This is the only place where Minnesota residents can check to see if they qualify for financial help with health insurance costs. That’s why it’s so important to start any health insurance search here.

At MNsure, you can also see if you qualify for other low-cost or public assistance health insurance options like MinnesotaCare or Medicaid (also known as Medical Assistance).

Eligibility for plans can depend on qualifications like income and family size. The best way to find out if you qualify is to start at MNsure. Just enter your coverage year, ZIP code, birthdate, annual household income and a few other details. You’ll get an estimate of your eligible savings, as well as any low-cost plans you might be able to join.

Discounts for Wisconsin shoppers

Because the state doesn’t have its own marketplace, Wisconsin shoppers can use the federal health insurance exchange at HealthCare.gov. This is where Wisconsin residents can find out how much they’re eligible to receive in financial help, making it an ideal place to start any search.

Your eligibility for financial help, as well as how much you’ll receive, depends on qualifications like income and family size. Fortunately, it’s easy to get that information on HealthCare.gov. At the prompts, enter your ZIP code and state, the number of people in your household, and your household income. The website will then show you the financial help that’s available to you. Depending on your information, you may qualify for low-cost or public assistance health insurance options like Medicaid (also known as Medical Assistance).

Buying directly from a health insurance company

To shop insurance companies directly, rather than through a marketplace, you’ll need to go right to the source(s). This means visiting the websites of insurance companies or calling representatives that work exclusively with the company’s plans.

By having direct access to the most current and comprehensive information about their plans, insurance company websites and advisors can answer nearly any question you might have. With their help, you can readily see which doctors and prescriptions their plans cover. You may even find plans offered directly with the insurer that aren’t available on state or federal marketplaces.

A health insurance company representative can also help you pick a new plan by reviewing your past costs and how you use your current plan. That way, you can use your previous experience to make a good choice for what you’ll likely need in the future. By comparing plans and weighing costs, you can be confident you’re enrolling in what’s right for you.

Working with a health insurance broker

When it comes to shopping for plans, another good option is to work with a licensed agent, also known as a broker. With personalized service and connections to many insurers at once, you can think of brokers as true “personal shoppers.”

Instead of representing just one insurance company, brokers work with a large variety of insurers. Also, since brokers are local to your community, they can confidently present you with plans from regional and national insurers that work with doctors and specialists close to you.

Once you and your broker find a plan that meets your needs, the broker can guide you through the sign-up process. Brokers can also help with questions and guidance after you enroll.

Going to an internet broker website

If you like the convenience of shopping online but don’t have the time to research individual health insurance companies on your own, you can use an internet broker website. These sites specialize in combining multiple plans from many insurers, all in one place.

These sites are different from the state and federal health insurance marketplaces – they operate independently from the exchanges and can’t offer financial help. However, like the marketplaces, they make it easy to look at different plans from different insurers, giving you a chance to do your own side-by-side comparison shopping.

Once you’ve found the right plan, the site can help you enroll. However, once you sign up, all service and questions are handled by your new insurance plan, not the broker website.

Getting help with health insurance while unemployed

Still not sure how or where to start? HealthPartners is here to help you find the right plan at the right place.

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