What to do if you lose coverage
Losing health insurance coverage mid-year can happen for a variety of reasons. Whether you have had a recent job change, a move or a change in your household resulting in a loss of coverage, this transition can lead to anxiety for consumers.
What are consumers supposed to do if they lose coverage in the middle of the year? Fortunately, the reasons described above, among others, are considered “qualifying events,” which means you can sign up for health coverage on the Affordable Care Act marketplaces at any time of the year after experiencing them.
However, the marketplace isn’t your only option. There are other options for health coverage, and which one you choose will depend on a few different factors, including your health status, how long you expect to need new coverage and your income.
Below is an outline of these options and how consumers can think about them.