As we are in the midst of a global pandemic, it has become more important than ever to get health insurance so you can protect yourself and your loved ones should you become infected and need intensive care.
With this in mind, here are some things you should know about affordable insurance in Tampa, FL during the time of COVID-19.
Obtaining health insurance coverage
Earlier this year, Congress passed legislation that required most private insurers in the country to cover COVID-19 testing for free, even for people who have not yet met their deductible. This should include most major medical insurance plans, as well as short-term health plans, though if you have health insurance you should be sure to check the terms of your plan anyway.
While you should be able to get tested without much difficulty, you should also keep in mind the cost of hospitalization. One report from CNBC estimates the average coronavirus hospitalization can run anywhere from $42,486 to $74,310 for a person who does not have insurance. This is a massive amount of money that would bankrupt the majority of Americans.
With as widespread as the virus is, it is important you find insurance any way you can so you can be protected if you get infected. There is a real risk for everyone eventually contracting the virus, even when taking the proper safety precautions. This virus isn’t going away anytime soon.
Obtaining health insurance coverage will be easier for some people than others. If the pandemic has left you out of work, you should find out if your previous employer offers COBRA coverage, in which you’re allowed to extend your health coverage from your former job for up to 18 months after the termination of your employment. Companies that have at least 20 employees are typically required to offer COBRA coverage. While this is going to be a more expensive option, it’s better than being left without insurance due to a COVID-19-related hospitalization.
If you’re under 26 years old, you may be able to get insurance through your parents’ health policy. Or, if you’re married, you can get on your spouse’s health insurance policy.
However, if you were laid off and did not previously have health coverage through your employer, and are not able to get on a parent’s or spouse’s plan, you may be able to get coverage through the healthcare marketplace. There are some states that have opened up new enrollment periods due to the COVID-19 pandemic. This is good news, because typically there’s only one enrollment window per year.
Finally, Medicaid will generally not be an option unless you meet the income requirements. You are able to apply for Medicaid at any time, but your income, assets and state rules will determine your eligibility.
For more information about obtaining affordable insurance in Tampa, FL during the COVID-19 pandemic, we encourage you to get in touch with the team at Star Nsurance today. We’d be happy to answer any questions you have for us!