We are sorry you lost your group coverage, and now you are forced to elect individual coverage.
First, you may be eligible for Cobra (Consolidated Omnibus Budget Reconciliation Act): Temporary continuation of group coverage (up to 18/36 months). Cobra may be a good option if you have already met your deductible.
If Cobra is too expensive or you have already exhausted coverage, you have 60 days to enroll in an individual plan. Also is known as a qualifying life event (QLE).
Most of the time, losing employer-sponsored coverage may mean you have also had a drop in taxable income. Under the Affordable Care Act, you can purchase an individual policy and qualify for premium assistance.
While you may recognize some Indiana Individual Health Insurance companies from your past employer-sponsored plans, it’s vital to understand that Indiana individual name-brand carriers have very different networks. These carriers still provide high customer service and add-on features, but it’s essential to research the network before making a purchase.
Over the years, people have bought individual carriers they know and have been disappointed with the networks.
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