Soon enough, I will be too old to remain covered under my parents' medical insurance. So, what happens next? For example, do I have to supply proof to some government agency that I have benefits when I do acquire them? Attaining gainful employment with a full package would be the best outcome, but I lost a good job recently.
From what I know (which is probably not much) when u get a new job they will either have health care plans that may be free or you will get a discounted price VS. buying u'r own health insurance that will come out of u'r pay check. If the job offers no health benefits then u'r only other option is to get health insurance on u'r privately which can be costly but with Obama care if u have no health insurance at all then the government can sue u for more than the insurance can cost. This is about all I know hope it helped though :)
Thank you for that. That is going in the correct direction. Is there some mechanical process that I have to follow beyond that? Are there deadlines by which these procedures have to be followed? Hypothetically, how does the Obama administration expect people living below poverty line (e.g. homeless people/underemployed/unemployed) to be able to afford this? We need to be encouraging the build up of personal wealth these days not taxing us with more burdensome regulations.
People living below the poverty line are probably eligible for Medicaid.
How can anyone build up personal wealth if they have to pay thousands of dollars for medical care following an accident or for necessary surgery or a chronic illness?
http://www.medicaid.gov/
https://www.healthcare.gov/timeline-of-the-health-care-law/
http://www.deloitte.com/view/en_US/us/Services/consulting/feature-offerings/health-care-reform-and-government/3a70fbd3258a4310VgnVCM3000001c56f00aRCRD.htm?id=us_furl_chs_acatimeline_19112
When you reach the age at which you are no longer eligible to be covered under your parents' medical insurance, you have a few options to ensure continued coverage. Here's what you can do:
1. Employer-sponsored health insurance: As you mentioned, the best outcome would be attaining gainful employment that offers a comprehensive benefits package, including health insurance. Look for job opportunities that provide health coverage and pay attention to the enrollment periods and eligibility criteria.
2. Marketplace health insurance: If you're unable to secure employer-sponsored coverage, you can explore health insurance options through the Health Insurance Marketplace. In the United States, you can visit healthcare.gov to check whether you qualify for subsidized coverage or Medicaid based on your income.
When you apply for marketplace health insurance, you typically need to provide the following information:
- Personal details: Name, address, date of birth, and social security number (or other required identification numbers).
- Income information: Details about your household income, including tax returns, W-2 forms, and recent pay stubs.
- Current health coverage: If you have any existing health insurance, you may need to provide information about the coverage.
- Any additional supporting documentation: Depending on your circumstances, you might be required to submit additional documents to verify your eligibility.
3. Medicaid: Depending on your income level and state of residence, you may be eligible for Medicaid, a government program that provides free or low-cost health coverage to individuals and families with limited incomes. Each state has its own eligibility criteria, so you will need to check with your state's Medicaid agency. The application process may require providing similar documentation as mentioned above.
It's important to note that the specific requirements and processes may vary based on your location and individual circumstances. Therefore, it is advisable to consult with a healthcare professional, insurance broker, or visit the relevant government websites for accurate and up-to-date information in your area.