What to Do if You Dont Have Insurance
While there is currently no tax penalty assessed at the federal level for not having health insurance, there are risks associated with existence uninsured. At that place are many different reasons why people might go without health insurance for a catamenia, from the cost of coverage to changes to employment. It is important to empathise what y'all can await if y'all go without wellness insurance, every bit well equally your options for getting coverage no matter what your current situation might exist.
Why do people get uninsured?
The number of uninsured has been steadily increasing in recent years. According to a publication from the Kaiser Family Foundation (KFF) in November, 2020, the number of uninsured, nonelderly Americans increased for 3 direct years, commencement in 2017. In 2019, there were 28.9 million who were uninsured for a diversity of reasons.
The KFF report plant that families with low incomes were the most likely to exist uninsured, with more than than 73% citing the loftier cost of insurance equally their chief reason for lacking coverage. Other reasons people stated for not having health insurance included:
- Not eligible for coverage (25.3%)
- Do non need or want coverage (21.3%)
- Signing upward was besides hard or disruptive (18.4%)
- Cannot find a programme that meets their needs (xviii%)
- Lost their job (ii.8%)
According to the report, adults were more likely than children to be uninsured and people of color were at higher risk for not having insurance than not-Hispanic white individuals. Over 73% of families without insurance had at least one full-fourth dimension worker in their family unit.
If yous find yourself without coverage for any reason, eHealth can help. We offer a wide range of plans in every state to run across every individual's needs and upkeep. Our representatives are available online or by telephone to answer your questions and help you observe the correct coverage for you and your family.
What are the risks of being uninsured?
The risks of going uninsured are primarily price related. Some of the primary risks that you could face up by going uninsured are:
- Steep healthcare costs – Without wellness insurance you may get charged much more for care that would otherwise exist covered by your plan.
- Difficulty paying off expensive medical bills – Since you lot might exist charged out-of-pocket full cost for any healthcare y'all receive while non having insurance, you lot may discover that yous're rapidly drowning in medical bills.
- Country tax penalties – While the private mandate was repealed and no longer applies from 2019 on at the federal level, there are states with their own wellness insurance penalties. Bank check to come across if your country however has a country-level individual mandate that could affect you if you're uninsured.
- Not seeking or postponing receiving healthcare – According to the KFF report, three in 10 uninsured adults went without medical care they needed due to the high toll of uninsured healthcare. Past hesitating to put your health first, you run the risk of health issues becoming worse over time.
- Unable to beget needed medication – Because of ascension prescription drug prices in the US, many prescription drugs are incredibly expensive, peculiarly without a health insurance plan to assist out. According to the KFF, uninsured adults were more iii times probable to delay or fail to purchase needed drugs due to the toll.
Can I get insured after losing coverage through employer, family member, or Medicaid?
If yous lose coverage through a spouse or parent, or become ineligible for Medicaid, you tin still get insurance coverage. These coverage losses are examples of qualifying life events that may give you eligibility in a special enrollment period. A special enrollment period allows you to enroll in major medical health insurance plans exterior of the open enrollment period (which ran from Nov 1st through December 15th, 2020 and will run from November 1st through January fifteenth, 2022 for 2022 coverage).
If yous qualify for a special enrollment period – which typically last 60 days – you will take to show that you experienced a qualifying life consequence in order to purchase a health insurance plan off the federal or land marketplace, or through a licensed broker.
If you lose coverage through an employer or family member and you believe that you may qualify for federal help, you can apply anytime throughout the year for Medicaid and Bit – two government programs seeking to provide low-toll or gratis health insurance to depression-income individuals and families.
Even if y'all do non recollect that yous will qualify for Medicaid or Scrap based on income solitary, it is a adept idea to use anyway, especially if y'all are disabled, have children or are pregnant.
How do I get affordable coverage?
If toll is what is keeping yous from purchasing coverage, you will be happy to know that there are Affordable Care Act subsidies that you may qualify for.
Qualification for subsides is based off your yearly income and how it compares to the federal poverty line (FPL). If y'all make betwixt 100% of the FPL and 400%, you may qualify for some assistance in paying your monthly insurance premium.
You can nonetheless qualify for subsides if you choose to buy through an online brokerage like eHealth, as long as you lot're choosing an ACA-compliant plan that includes the 10 essential benefits required under the federal constabulary. eHealth also allows yous to compare plans that aren't on the government exchanges, so that you can find the best wellness insurance for your upkeep and your needs.
At eHealth, we are committed to ensuring everyone gets the best health care coverage for their needs and upkeep. We characteristic licensed brokers in every land and in one case you are enrolled in a plan, we offer 24/7 support to help y'all manage and renew your program every bit needed. Contact eHealth today to begin comparison plans in your state.
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Source: https://www.ehealthinsurance.com/resources/individual-and-family/is-it-ok-to-be-uninsured
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