Frequently asked questions about Health Insurance

JOB-BASED INSURANCE

If you have a job-based plan and is considered affordable and meets minimum standards, you won't qualify for a premium tax credit or other savings if you decide to switch to a Marketplace plan.

If you have a Marketplace plan and then get an offer of health insurance through a job, you’re probably no longer eligible for any savings on your Marketplace plan. This is true even if you don’t accept the job-based coverage offer.

You may want to cancel your Marketplace plan for yourself and anyone else in your house hold eligible for the new job-based coverage.

  • requires insurance plans to cover people with pre-existing health conditions, including pregnancy, without charging more
  • Provides free preventive care
  • Gives young adults more coverage options
  • Ends lifetime and yearly dollar limits on coverage of essential health benefits
  • Helps you understand the coverage you’re getting
  • Holds insurance companies accountable for rate increases
  • Makes it illegal for health insurance companies to cancel your health insurance just because you get sick
  • Protects your choice of doctors
  • Protects you from employer retaliation

Buying a health plan through the Marketplace? If you leave your job for any reason and lose your job-based insurance, you can buy a Marketplace plan. If you lose job-based coverage, regardless if you quit or get fired, qualifies you for a Special Enrollment Period. This means you can buy insurance outside the yearly Open Enrollment Period.

Your coverage can start the first day of the month after you lose your insurance.

Try our quote engine to find out if you qualify for savings on your monthly premiums and out-of-pocket costs based on your income. You’ll also learn if you qualify for free or low-cost coverage from Medicaid or the Children’s Health Insurance Program (CHIP).

You can preview plans and estimated prices for a Marketplace plan here.

What is COBRA coverage?

Is a Federal law that may let you pay to stay on your employee health insurance for a limited time after your job ends. (usually 18 months) paying the full premium yourself and small administrative fee.

Contact your employer to learn more about your COBRA options. If you've already signed up for COBRA coverage, find out if you can switch to a Marketplace health plan.

If you don’t have qualifying health coverage for all or part of the year, you may have to pay a penalty.

This is true no matter what your employment status is.