September 2018 Archives

5 Benefits of Drinking Coffee Everyday

It’s National Coffee Day which gives you more of a reason to have a cup of joe this morning. Coffee not only gives you a burst of energy, it also has health benefits too.

How to Get Health Insurance When Unemployed

Are you self-employed? Looking for health insurance? You can use the Individual Health Insurance Marketplace to enroll in flexible

Here Is Exactly Why You Need Health Insurance Coverage

Health insurance is the security blanket you need in your life. At one point or another, you and your loved ones will get sick

How to Get Health Insurance When Unemployed

If you’re unemployed, you may be able to get affordable health insurance through the Marketplace. You may also qualify for free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (“CHIP”).

Left/Lost your job and lost insurance

If you left your job or was terminated and lost your health coverage, you qualify for the Special Enrollment Period. This means you can enroll in the Marketplace any time of the year. Usually you have 60 days from the day you lost coverage to enroll.

Medicaid and CHIP programs have no limited enrollment period therefore, if you qualify, you can enroll in these programs at any time of the year.

Coverage Options

To determine what health coverage you’re eligible for is based on your household size and income, not you employment status. When you apply for coverage from the Marketplace you will have to estimate your income for the current year.

Unemployed- how to estimate your income

Types of income source to include on your application when estimating your income:

Unemployment compensation
All household member’s income (not just yours)
Additional income including Alimony, Cash Support, Pension, Social Security, Investment, Retirement etc.
Insurance Plans

Note: All coverage qualifications are based on your income and household size.

Once you apply for the Marketplace, you will find out if you qualify for any of these three programs:

Marketplace insurance plan: you can qualify for premium tax credits and savings on deductibles, copays, and other out-of-pocket costs.
Medicaid: This program provides coverage to millions of Americans with limited incomes or disabilities. You may qualify for free or low-cost coverage.
Children’s Health Insurance Program: CHIP provides coverage to children and in some states pregnant women. This is for families with too high of an income for Medicaid but too low to afford for a private insurance.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.

Why Health Insurers Deny Care That Your Doctor Recommends

More and more, health payers are insisting we patients get permission from them to undergo a medical test or treatment. Then we may be told that no

Produce You Should be Buying This Fall

Fall is all about flannels, cozy sweaters, and pumpkin flavored everything. Fall produce is in full swing right now. Pick up these items to try during this season