If you lost your job and health insurance within the last 60 days, you can qualify for an SEP (Special Enrollment Period). OK…So what is an SEP?
If Open Enrollment has ended, it allows you to purchase a Marketplace plan with full subsidies (if you qualify) and have your pre-exsisting conditions covered. No waiting period or extra copay or deductible for these conditions. You can choose among all of the available major carriers that offer coverage in your area. This “qualifying event” allows you to obtain affordable medical coverage at any time of the year.
You will not have to answer medical questions, and you do not have to keep the same company that you had while working at your previous employer. An experienced broker and his/her website will be very helpful. Insist on a broker with at least 25 years of experience in the business.
NOTE: COBRA may be available, but typically will be more expensive than an Exchange plan (especially if you qualify for a federal subsidy). Short-term (temporary) plans are also offered by many top-rated companies. However, they are non-compliant, do not cover pre-existing conditions, and are not eligible for subsidies.
Important: This question was answered by Edward Harris, one of the nation’s leading and most experienced (35 years) health insurance brokers. His website, Majormedicalhealth.com, is the premier trusted healthcare website in the US, and offers the lowest individual and family rates from top-rated companies.
UPDATE: The Supreme Court has still not rendered its decision regarding subsidies.
UPDATE: July 2015. The decision has been made! Subsidies will continue to be paid on both state and federal Exchanges.