When considering a job change in South Carolina, maintaining health insurance coverage is one of the most important factors to consider. Whether you have been laid off, decided to move to a new position at a different company, or are leaving a company to start your own business, it is essential to ensure you have continued coverage to handle medical expenses in the event of an unexpected situation.

Keeping Your Current Plan

Speak with your employer about the possibility of keeping your current plan after leaving your job. You may be eligible for continued coverage through COBRA, which provides temporary coverage and gives you time to research other options or wait for your new employer’s policy to take effect.

Switching to a New Plan

If your new employer offers healthcare coverage, transitioning from your old plan to a new one should be straightforward. However, it is essential to confirm when the new plan will take effect, as coverage may not begin until up to 90 days after the plan is implemented. Additionally, review the details of your new plan to understand what is covered and the deductible you will need to pay for specific types of care.

Coverage on the Health Insurance Marketplace

Losing your current health insurance due to a job change qualifies as a "covered event," allowing you to select a new health insurance policy through the health insurance marketplace, even if the general enrollment period is closed. Alternatively, if your income is low, you may qualify for Medicaid.

Call Champion Insurance Agency for More Information

Champion Insurance Agency in South Carolina specializes in helping individuals find healthcare coverage that best meets their needs. Contact us today, and we will be happy to explain your options and provide policy quotes.