Answer 7: B
Losing other coverage generally gives you a special enrollment right in a spouse’s or parent’s job-based plan. The catch is the deadline: employer plans generally must give you at least 30 days, which is much shorter than the Marketplace window. Some plans allow longer, so check with the plan’s HR or benefits office right away.
Compare the extra cost of adding you to your spouse’s plan with COBRA and Marketplace options. Adding a spouse is sometimes expensive, and some employers charge a surcharge for spouses who could get coverage elsewhere.
Question 8 of 8: The cheap online plan
An online ad offers “health coverage from $79 a month, instant approval.” It is a short-term health plan. What is the biggest risk?
- A. There is no risk; all health plans follow the same rules
- B. It can exclude pre-existing conditions and skip benefits that Marketplace plans must cover
- C. It is illegal to buy one
- D. It costs more than COBRA