How long do you have health insurance after leaving a job?
There are various ad hoc events and infections you are susceptible to as a human, which may result in immediate medical and surgical attention, which may cost you thousands of dollars to become healthy again.
You will be financially protected should you experience any health problems that may demand healthcare services if you have health insurance. One of the most significant advantages of health insurance is that they provide policies for people with different financial classes. What this means is, health insurance is segmented to suit the medical and surgical requirements of both the rich and those living on low-incomes, with no one left out of the coverage they offer.
Irrespective of the universal coverage provided by health insurance, there are still millions of people living without the least of health insurance policies. According to the United States of America census report, there has been a sporadic increase in the numbers of citizens who lived without health insurance from 7.9% to 8.5% of the people—which is 25.6 to 27. 5 million people between the year 2017 to 2018. However, there has not been a halt to the increase in the percentage of people without health insurance but a continual increase.
What happens if you don't have health insurance
If you are part of the millions of citizens of the United States of America who hesitate to apply or enroll for health insurance— either through government-funded health insurance or private health insurance—the answer to "What happens if you don't have health insurance?" will enlighten you on the risks you will be susceptible to, such as financial risk, health risk and legal consequences (no longer effective in the federal level).
- Tax penalties
Before the annulment of the Affordable Care Act (ACA) authorities to enforce health insurance in 2019, there was always a tax penalty in which you will be fined a significant amount when you file your tax. This penalty is direct to people who refuse or hesitate to have health insurance.
- Health risks
The health risk the uninsured are susceptible to is the common answer anyone will give if asked, "what happens if you don't have health insurance?" mainly because the uninsured will lack the primary benefits offered by health insurance. If you are not medically and surgically covered by health insurance, you will have to pay a huge sum of medical bills which may make you shy away from receiving medical treatments even when suffering from chronic health problems.
Studies and research have shown that the uninsured are prone to a higher mortality rate than the policyholders of health insurance. Viz. The insured live longer than the uninsured.
- Financial risk
Have you ever thought about how much your medical bills may alter your financial stability if you were to pay it yourself? If you are aware of the financial protection health insurance offers to forestall monetary loss, you will have an answer to "What happens if you don't have health insurance?"
If you experience an ad hoc medical emergency, such as a broken leg from an accident or sporting activities, it will cost you astronomically high medical bills to undergo treatment. The thousands of dollars you may be expected to pay during ad hoc emergencies will make you susceptible to bankruptcy.
How long do you have health insurance after leaving a job
If you are a policyholder of health insurance, such as employer-sponsored health insurance, and you seek an answer to "how long do you have health insurance after leaving a job?" due to the difficulty in getting new coverage, especially if you have pre-existing health conditions such as diabetes.
You will be given the opportunity to temporarily benefit from the policy's coverage for at least eighteen months after quitting your job. You can extend this period through Consolidated Omnibus Reconciliation Act (COBRA), which is a federal law.
Conclusion
Medical debt that results in bankruptcy is what happens if you don't have health insurance. However, if you benefit from employer-sponsored health insurance and you want to extend your coverage after quitting your job, you will have to enroll for COBRA.
