What to Do If You Lose Your Health Insurance Coverage

Losing your health insurance can feel overwhelming, especially when it happens unexpectedly. Whether you’ve lost coverage due to a job change, life event, or another circumstance, it’s important to act quickly to protect your health and finances. At J.A. Faccibene & Associates, Inc., we understand how stressful this transition can be, and we’re here to help you navigate your options.

Immediate Steps to Take After Losing Coverage

If you’ve recently lost your health insurance, consider these first steps:

• Review your previous coverage. Understand when your current plan ends and what benefits may still be available.
• Gather important documents. Collect information about your prior insurance, employment status, and any notices you’ve received.
• Assess your healthcare needs. Consider any ongoing treatments, prescriptions, or upcoming appointments.

Available Health Insurance Options in New York

New York offers several pathways to regain health coverage:

• COBRA: If you were covered by an employer-sponsored plan, you may be eligible for COBRA continuation coverage. This allows you to keep your previous plan for a limited time, though you’ll typically pay the full premium.
• Special enrollment periods: Losing health insurance is considered a qualifying event, which means you can enroll in a new plan through the New York State of Health marketplace outside of the usual open enrollment period.
• Medicaid and Child Health Plus: Depending on your income and household size, you may qualify for state programs that provide low-cost or free coverage.
• Individual and family plans: Private health insurance plans are available for purchase directly from insurers or through the marketplace.

How Our Team Can Help

Navigating health insurance loss can be confusing, but you don’t have to do it alone. Our team at J.A. Faccibene & Associates, Inc. is experienced in helping New Yorkers find the right coverage for their needs and budget. We can explain your options, assist with applications, and answer any questions you may have during this transition.

If you’ve lost your health insurance coverage, don’t wait. Contact us today for personalized guidance and support.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.