Unemployed Health Coverage Options
Being unemployed can be stressful enough, but being unemployed without health insurance takes the worry and stress to an entirely new level. After all, imagine what would happen if you would wind up getting seriously ill while you’re without insurance. The financial ramifications would be overwhelming.
Luckily, you have options. Because your health coverage eligibility is determined by your household size and income and not your employment status, you may still be eligible to purchase an affordable health care plan through the Marketplace even if you’re unemployed. You may even qualify for free or low-cost Medicaid coverage and your children may be able to receive coverage through the Children’s Health Insurance Program (CHIP).
Here’s a guide to help you determine what type of plan you might qualify for.
Estimating Your Household Income
Before you apply for health insurance through the Marketplace, you first have to estimate your household income for the current calendar year. Even if you’re unemployed, you will still need to make a best estimate based on your expected and current sources of income for the year.
Such considerations to keep in mind when estimating your household income include:
Should your income changes through the year, it is required that you immediately update your income information with the Marketplace so you can get the appropriate savings according to your new income estimate.
Medicaid and CHIP Coverage
If you qualify for Medicaid or CHIP health insurance Wilmington NC, you will be notified when you submit your Marketplace application. Medicaid provides health insurance coverage for families with limited incomes and/or disabilities. CHIP, on the other hand, provides health insurance coverage for children and pregnant women (in some states) in families where the estimated income is too high to qualify for Medicaid, but not enough to afford private insurance through the Marketplace.
Schnitzer-Slate Offers Affordable BCBSNC Health Insurance Wilmington NC
If you’re unemployed and you’re looking for an affordable health care plan in Wilmington NC, Schnitzer-Slate can help. We’re a leading provider of Blue Cross Blue Shield insurance in North Carolina and we have a wide range of health insurance plans designed specifically for those with limited incomes or unemployed. We can help you get the coverage your family needs to stay healthy.
Just give Schnitzer-Slate a call today at 910-392-7020. One of our agents will help you find affordable health insurance Wilmington NC. Or, just visit our website at http://healthplannc.com/ to learn more about our BCBSNC health insurance plans.
Luckily, you have options. Because your health coverage eligibility is determined by your household size and income and not your employment status, you may still be eligible to purchase an affordable health care plan through the Marketplace even if you’re unemployed. You may even qualify for free or low-cost Medicaid coverage and your children may be able to receive coverage through the Children’s Health Insurance Program (CHIP).
Here’s a guide to help you determine what type of plan you might qualify for.
Estimating Your Household Income
Before you apply for health insurance through the Marketplace, you first have to estimate your household income for the current calendar year. Even if you’re unemployed, you will still need to make a best estimate based on your expected and current sources of income for the year.
Such considerations to keep in mind when estimating your household income include:
- Unemployment compensation
- Income for all other members in the household
- Additional income sources (interest income, cash support, capital gains, alimony, royalties, etc.)
- Withdrawals from traditional IRAs and 401ks
Should your income changes through the year, it is required that you immediately update your income information with the Marketplace so you can get the appropriate savings according to your new income estimate.
Medicaid and CHIP Coverage
If you qualify for Medicaid or CHIP health insurance Wilmington NC, you will be notified when you submit your Marketplace application. Medicaid provides health insurance coverage for families with limited incomes and/or disabilities. CHIP, on the other hand, provides health insurance coverage for children and pregnant women (in some states) in families where the estimated income is too high to qualify for Medicaid, but not enough to afford private insurance through the Marketplace.
Schnitzer-Slate Offers Affordable BCBSNC Health Insurance Wilmington NC
If you’re unemployed and you’re looking for an affordable health care plan in Wilmington NC, Schnitzer-Slate can help. We’re a leading provider of Blue Cross Blue Shield insurance in North Carolina and we have a wide range of health insurance plans designed specifically for those with limited incomes or unemployed. We can help you get the coverage your family needs to stay healthy.
Just give Schnitzer-Slate a call today at 910-392-7020. One of our agents will help you find affordable health insurance Wilmington NC. Or, just visit our website at http://healthplannc.com/ to learn more about our BCBSNC health insurance plans.