How Your Marital Status Can Affect Your Health Insurance

How Your Marital Status Can Affect Your Health Insurance

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Learn how to get the right health coverage after a change in your marital status.

Under the Affordable Care Act, all American citizens are required to acquire health insurance. If they do not sign up for coverage, they will likely face tax penalties. Citizens must sign up for coverage during the open enrollment period. While the 2017 period has closed, that’s not to say that you can’t still acquire health insurance, especially when you’re expecting a change in your marital status. Learn how you can get the health insurance that you need through special enrollment.

Adding a Spouse

When getting married, you’re typically able to add your spouse onto your employer-based insurance policy. This type of change is usually allowed under the special enrollment period as a “qualifying life event.” But, before you choose a policy, it’s important to do your research. Review your employer-based plans to see what services are offered. Weigh the costs and benefits of your options so that you choose the best policy for your needs.

Removing a Spouse

Getting divorced is a stressful process. As soon as the papers are signed, your health insurance likely no longer covers both spouses. To get the insurance that you need, there are several options. Enrolling in COBRA coverage under special enrollment can help you keep your current coverage for the time being. Additionally, searching for coverage under your employer-offered benefits is a good option. You also have the option of searching for coverage through a private company, should you choose to do so. Before you decide on a plan, conduct the necessary research to determine which option is best for your needs.

A change in your relationship status may influence your health insurance coverage. To learn about health insurance, contact your team at Hoffman Brown Company in Sherman Oaks, California.

COVID-19 Update:

The Coronavirus, officially COVID-19, has become a global health emergency. One of the measures Hoffman Brown Company has taken to keep our CLIENTS and Teammates safe was to design a complete virtual work environment. For the foreseeable future, our colleagues will be conducting business virtually to avoid any disruption in our ability to serve you. These measures are based on the CDC’s guidance and will evolve with the situation. Please know that we are fully functional, available and look forward to being of service.