Health insurance is something that now plays an important role in everyone’s life. During this pandemic, insurance has made many people realize its importance and value. Also, it doesn’t matter whether you are employed or unemployed because having good coverage is crucial. If you talk about unemployed people, then, as a matter of fact, it can be a bit challenging for them to get good coverage of insurance.
But if you are living in New York and you are unemployed, then there might be hope that you can get a good one for yourself, for your dependents, and for your family as well. So even if you are among the unemployed New Yorkers, you need to apply for the same to gain the benefits that it can provide to you and to your family as well. If you’re not sure what you should opt for your insurance, then in this article, we have covered everything that you need to know as an unemployed person living in New York.
Unemployment: Low Cost Coverage Health Insurance Options
New Yorkers strive to secure a well-paying job as it is associated with many benefits. It not only gives you financial support but also includes benefits that are necessary to live a stress-free life.
However, even after best efforts, one may find himself unemployed. In that case, it is natural to be worried about not having enough financial resources and also a lack of coverage which can be even more challenging if you have to deal with long bills of medical expenses for illnesses of yourself or your family member.
Hence, it is important to be informed of your health insurance options when you are unemployed. In this post, you will find the most common questions related to the health insurance plan and its coverage for the unemployed.
Cobra is one of the policies with the help of which maximum New Yorkers can continue their group plan that they are following. In case the group has fewer employees than 20, then, as per NYSU, have the right to the continuation of coverage law.
In this, you have to pay the full cost of the coverage that includes those amounts as well that your employer has paid earlier. When your employment is terminated, the employer is supposed to inform you regarding the rights of this coverage.
If there is no such information given to you, you need to contact your former employer or call any department that can help you with this situation.
Ny State Of Health: The Official Low Cost Health Coverage Plan Marketplace
Well, NY state of health is a platform that offers health insurance options for you and even for your family, and that too at a low cost.
If you are looking for it, then you can certainly compare the health plan options that the NY state of health has to offer and can also apply for some assistance that can further help in lowering the cost of the coverage.
With the help of Marketplace, there are chances that you might qualify for low-cost coverage or even free coverage from Child Health Plus or Medicaid. For this, anyone can easily apply and get a good plan at a lower price. You can also check for your coverage online.
If you are among those New Yorkers, who are looking for it but at a low cost, you can definitely refer to this.
Your Options Depend On Your Household Income
Upon applying for marketplace coverage, you have to estimate your household income for the ongoing financial year.
If you are unemployed, then predicting the annual income can be a bit challenging, but it is essential to give the best estimate. You can estimate the income on the basis of all the sources that you had for income. If your income is low, then you may get benefits of tax credits as well.
What If You Collected Unemployment This Year?
There might be a chance that you might collect unemployment within a year. So in case even if you have one week of unemployment in NY State, then also you can easily apply for health insurance breaks with the help of exchange.
In case your spouse has received unemployment, and you have filed jointly, then also you will be eligible. According to the state, those people who are eligible, then certainly the silver level plan via exchange will definitely have the minimum amount. So, even if you have recently received unemployment, you can certainly get decent coverage.
How Do You Get Health Insurance If You Are Unemployed In Ny?
The marketplace has made it possible for unemployed people in NY to get secure health insurance easily. This is based on the household size and the annual income in the house.
Moreover, under some conditions, you may be eligible for low-cost or even free coverage through CHIP, the Children’s Health Insurance Program, or Medicaid.
Here, the key aspects that determine the health coverage are qualified for are the household size and the income. When a person fills out a Marketplace application, he will provide an estimate of the annual income for the current year in your household.
Medicaid, CHIP, and other plans using marketplace
You will be able to determine which type of plan you are eligible for from the following once you apply for the marketplace:
Marketplace plan: In some cases, an unemployed may be able to get a marketplace plan which includes benefits like premium tax credits, copayments, reduction in deductibles, and more.
Children’s Health Insurance Program (CHIP): This is an essential plan dedicated to children and, in some cases, pregnant women. Those who have a too high income to be eligible for Medicaid but too low income to accommodate a private one, are eligible for this program.
Medicaid: Many people in America with disabilities or limited income avail of Medicaid. In fact, many states in America have decided to cover everyone under a specified income to be eligible for this type.
Does Unemployment Count As Income For Health Insurance NY?
It is important to know what can be counted as an income for health insurance in NY, as it will directly affect the type of essential plan you qualify for. You need to note that the given are the different types of incomes:
- Unemployment compensation may or may not be considered as income.
- Pandemic unemployment benefit is not considered as income in Medicaid applications.
- Self-employment income and tips are counted as income.
- Pension or retirement income will be counted towards income.
- Rental income is regarded as income.
- Child support income will be counted as income.
- Gifts, worker’s compensation, child tax credits, and proceeds from loans are not regarded as income when applying for a plan.
- Veterans’ disability payments and Supplemental Security Income (SSI) will not be included.
Is There Child Health Insurance For The Unemployed?
In New York, health insurance is a necessity one should not avoid as it can protect you and your family in some tough times. Not only does it offer coverage in times of sudden or existing illnesses, but it can also be helpful in preventative care to determine an illness before it becomes terminal.
Similarly, child health insurance also has high significance. Generally, most people get their insurances through an employer. Hence, it is necessary to know how to obtain a health insurance plan if you happen to be unemployed.
To get health insurance when you are unemployed, you need to apply for a marketplace. The marketplace is a method through which many people with low or nonexistent salaries can get low-cost health insurance for their families.
The plan you may get depends on the salary of the particular year in your household. You will be able to check your eligibility for different plans after filling the marketplace application. Answering the question of whether you can get child health insurance when unemployed, yes, you can.
Using the marketplace, you may be eligible for some low-cost or sometimes free Child Health Plus or Medicaid. Plus, you can also take some assistance to get clarity on the plans or can cancel as well if not happy. This way, you can ensure that your family is covered even when you lose your job in New York.
Who Is Eligible For Free Health Insurance?
There are many people in NY State who are considered to be eligible for free health insurance. If you or anyone in your family is 65 or above, then you may qualify for free Medicaid and you may not require to pay anything.
Plus, if a person is certified disabled or certified blind, then also he may qualify for the same. Apart from it, such people can easily get free assistance for the process of application of Medicaid, Medicare savings program, and Medicare that can also help in covering the cost. Children’s health insurance programs also offer free health coverage to a lot of people in New York.
These people are those who are low-income people, children and families, pregnant, seniors, and people that are facing disabilities. The same is also provided by Medicaid. Moreover, you can look for a special enrollment period, that may offer free or one for which you have to pay less.