If you're unemployed and living in Texas, you may be able to get an affordable health insurance plan through the Marketplace. Savings are based on your income and family size, and the state you live in may affect your eligibility. The Health Insurance Marketplace is a place where eligible individuals and families can purchase and compare health insurance plans. The average cost of a private health insurance plan for a 40-year-old purchasing a Bronze or Expanded Bronze plan in a state using HealthCare.gov is used to calculate monthly costs. Another option might be to continue your health insurance coverage with your previous employer's health insurance plan.
Aetna has won awards for its premium tax credit in several categories, including the best affordable health insurance companies, the best health insurance companies for young adults, and the best health insurance companies for self-employment. The benefits of a short-term insurance policy are often different from those of a traditional health insurance policy. The premium tax credit is a federal subsidy that reduces your health insurance premium if you purchase a health insurance plan through the Marketplace and meet the eligibility requirements. To protect your health during a coverage gap, you may be able to enroll in a Marketplace insurance plan, Medicaid, COBRA, or other flexible coverage options. If you need coverage for your family, but you earn too much to qualify for Medicaid, the Children's Health Insurance Program (CHIP) is a public insurance program that offers free or low-cost coverage for children. When looking for an affordable health insurance plan in Texas without a job, it's important to consider all of your options. You may be eligible for savings through the Marketplace or Medicaid, or you may be able to continue your coverage with your previous employer's plan.
It's also important to understand the differences between short-term and traditional health insurance policies. Knowing all of your options can help you find the best plan for you and your family.
