Job Loss

BCBSNM Connect Team — Mon, 26 Feb 2024 21:09:24 GMT

Current Revision posted to Ask BCBSNM by BCBSNM Connect Team on 2/26/2024 9:09:24 PM

What if lose coverage because I was fired, laid off or quit my job?

Option 1: Get an individual plan.
If you lost your insurance benefits from an employer, you can buy your own health plan right away. Find a plan on BeWellNM or directly through our individual health plan options. You don’t have to wait until fall for the next open enrollment period.

Option 2: Get covered under COBRA.
COBRA is a federal law that lets you and your family stay covered by your employee health plan. You might be able to keep the current plan you have with your employer through COBRA continuation coverage. Coverage is available for a limited time (often 18 months) after you leave your job or lose your employer coverage. You pay the full monthly premium, including the amount your employer paid.

COBRA coverage does not come with cost assistance plans on the Marketplace offer.

If you lost eligibility for employer-provided health insurance, but not your actual job, you can still get an individual plan or COBRA coverage.

In most cases, you have 60 days after the qualifying life event to enroll in or change your health plan. But if you have insurance through your job, you may only have 30 days to enroll. Don't wait, the sooner you enroll, the better!

Originally published 8/27/2015; Revised 2018, 2024

Tags: Special Enrollment, Affordable Care Act, Buy Health Insurance

Job Loss

BCBSNM Connect Team — Wed, 21 Feb 2024 22:08:06 GMT

Revision 9 posted to Ask BCBSNM by BCBSNM Connect Team on 2/21/2024 10:08:06 PM

What if lose coverage because I was fired, laid off or quit my job?

Option 1: Get an individual plan.
If you lost your insurance benefits from an employer, you can buy your own health plan right away. Find a plan on the BeWellNM or directly through our individual health plan options. You don’t have to wait until fall for the next open enrollment period.

COBRA coverage does not come with cost assistance plans on the Marketplace offer.

If you lost eligibility for employer-provided health insurance, but not your actual job, you can still get an individual plan or COBRA coverage.

Originally published 8/27/2015; Revised 2018, 2024

Tags: Special Enrollment, Affordable Care Act, Buy Health Insurance

Job Loss

BCBSNM Connect Team — Wed, 21 Feb 2024 22:07:26 GMT

Revision 8 posted to Ask BCBSNM by BCBSNM Connect Team on 2/21/2024 10:07:26 PM

What if lose coverage because I was fired, laid off or quit my job?

COBRA coverage does not come with cost assistance plans on the Marketplace offer.

If you lost eligibility for employer-provided health insurance, but not your actual job, you can still get an individual plan or COBRA coverage.

Originally published 8/27/2015; Revised 2018, 2024

Tags: Special Enrollment, Affordable Care Act, Buy Health Insurance

Job Loss

BCBSNM Connect Team — Tue, 18 Sep 2018 20:49:50 GMT

Revision 7 posted to Ask BCBSNM by BCBSNM Connect Team on 9/18/2018 8:49:50 PM

What if lose coverage because I quit my job, got laid off or got fired?

Option 1: Get an individual plan

When you lose insurance through your employer, you can buy your own health plan right away, either from the Health Insurance Marketplace or directly through our individual health plan options. You don’t have to wait until the next open enrollment period in the fall.

Option 2: Get covered under COBRA:

You may also be able to keep the plan you have with your employer through COBRA continuation coverage. COBRA is a federal law that lets you keep yourself and your family covered by your employee health plan. Coverage is only available for a limited time (often 18 months) after you leave your job or lose coverage through your employer. You pay the full monthly premium, including any amount that your employer had paid.

COBRA coverage does not come with cost assistance like plans on the Marketplace offer.

Important to note: If you have not lost employment but you have lost eligibility to employer-provided health insurance, you are still eligible for an individual plan or COBRA coverage.

In most cases, you’ll have 60 days after the qualifying life event to enroll in or change your health plan, but if you have insurance through your job, you may only have 30 days to enroll.

Tags: Special Enrollment

Job Loss

BCBSNM Connect Team — Tue, 18 Sep 2018 20:42:41 GMT

Revision 6 posted to Ask BCBSNM by BCBSNM Connect Team on 9/18/2018 8:42:41 PM

What if lose coverage because I quit my job, got laid off or got fired?

Option 1: Get an individual plan

Option 2: Get covered under COBRA:

COBRA coverage does not come with cost assistance like plans on the Marketplace offer.

Important to note: If you have not lost employment but you have lost eligibility to employer-provided health insurance, you are still eligible for an individual plan or COBRA coverage.

In most cases, you’ll have 60 days after the qualifying life event to enroll in or change your health plan, but if you have insurance through your job, you may only have 30 days to enroll.

Job Loss

Kerchanin — Thu, 27 Aug 2015 20:30:12 GMT

Revision 5 posted to Ask BCBSNM by Kerchanin on 8/27/2015 8:30:12 PM

What if lose coverage because I quit my job, got laid off or got fired?

Option 1: Get an individual plan

Option 2: Get covered under COBRA:

COBRA coverage does not come with cost assistance like plans on the Marketplace offer.

Important to note: If you have not lost employment but you have lost eligibility to employer-provided health insurance, you are still eligible for an individual plan or COBRA coverage.

In most cases, you’ll have 60 days after the qualifying life event to enroll in or change your health plan, but if you have insurance through your job, you may only have 30 days to enroll.