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Howard the Health Insurance Blog!

Medicaid Covid Unwinding

Wednesday, March 22, 2023

COVID Medicaid Unwinding.

If you or someone you know is currently receiving Medicaid benefits due to the economic impact of the COVID-19 pandemic, it's important to be aware of the potential risks of losing your coverage as COVID-related federal assistance programs come to an end. But don't worry, there are options available to ensure that you and your family stay covered.

One option to consider is enrolling in a marketplace plan through the Affordable Care Act (ACA) marketplace. These plans offer a range of coverage options at varying costs, and can be a good fit for those who no longer qualify for Medicaid. Marketplace plans offer essential health benefits such as hospitalization, prescription drugs, and preventive care. Additionally, some marketplace plans offer financial assistance in the form of tax credits to help offset the cost of premiums for those who qualify based on their income.

Another option is short-term health insurance. These plans are designed to provide temporary coverage for individuals who are between jobs or experiencing a gap in coverage. Short-term plans typically offer more limited coverage compared to traditional health insurance plans, but they can be a good fit for those who are in good health and don't require extensive medical care. Keep in mind that short-term health insurance plans are not required to comply with the same regulations as traditional health insurance plans, and may not cover pre-existing conditions or provide certain types of benefits.

Finally, some states offer Medicaid alternative plans for individuals who don't qualify for traditional Medicaid but still need affordable health insurance coverage. These plans may have different eligibility requirements and benefits compared to traditional Medicaid, so it's important to research the options available in your state.

If you're worried about losing your Medicaid coverage, don't hesitate to reach out to a health insurance broker for help. They can help you navigate the different coverage options available and find a plan that meets your needs and budget. By taking advantage of these resources, you can ensure that you and your family stay protected and healthy even in the face of uncertainty. Remember, having health insurance coverage is crucial for maintaining your health and well-being, so it's important to explore all available options and find a plan that works for you.

Before you start this journey take a look at my Top Ten things to consider list. I am here to help and you can allways book an appintment here!

Hi, I Am Howard VanBooven

Health Insurance Broker

15 Years Individual / Group Health and Life Insurance. Let me help you empower you to make a great decission in regards to your health and life insurance. 

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