Self-Employed or Laid Off? You Don’t Have to Go Without Health Coverage
Lost Your Employer Health Insurance? Here’s What to Do Next
This week we’re diving into a topic that’s come up a lot lately—what to do about health insurance when you leave your job.
Whether you’re venturing out to start your own business, got laid off, or are just trying to figure things out, the good news is you have options.
🎯 What Happens When You Lose Employer Health Coverage?
If you’ve always had health insurance through your job, the idea of shopping for your own plan can feel overwhelming. But don’t worry—I’m here to walk you through it.
Here are the most common routes people take when transitioning off employer-sponsored insurance:
Marketplace Health Insurance (ACA Plans)
The Marketplace (Healthcare.gov) is open to anyone—regardless of employment. These plans:
- Accept pre-existing conditions
- Offer tax subsidies based on income
- Come in various types (mostly HMOs and EPOs)
- Can be customized around your needs (doctors, prescriptions, etc.)
This is a great place to start if you’re not eligible for COBRA or want something more budget-friendly.
COBRA Continuation Coverage
COBRA lets you keep your employer coverage temporarily, but now you’re paying 100% of the premium—and that can be expensive.
It may still be worth it in certain situations, like:
- You’ve already met your deductible for the year
- You’re in the middle of ongoing treatment
- You need time to explore your options before making a switch
COBRA can be canceled at any time, including during open enrollment, so it doesn’t have to be a permanent decision.
Individual PPO Plans (Through Private Groups)
Missing your PPO? You’re not alone. PPO plans are hard to find on the Marketplace, but there are options available through private group PPOs.
- You’ll answer some basic health questions to join the group
- If you’re generally healthy, it’s a great alternative
- Often less expensive than COBRA
- Offers more flexibility for seeing out-of-network providers
I help compare these options based on your needs, so you don’t overpay or under-cover.
Limited Benefit or Indemnity Plans
These are affordable alternatives for people who:
- Rarely go to the doctor
- Want some level of protection without a high monthly cost
- Are comfortable with limitations (ex: fixed number of visits or specific coverage caps)
These plans do come with health questions, and they aren’t right for everyone—but for the healthy and budget-conscious, they’re worth a look.
How I Help You Choose the Right Plan
Here’s what working with me looks like:
- We start with a fact-finding call
I’ll ask about your doctors, prescriptions, budget, and how you typically use your healthcare. - You receive custom quotes
I match you with plans that make sense for your unique situation. - We walk through everything together
Whether it’s a major medical plan or a limited benefit option, I make sure you fully understand what’s covered and what’s not—no surprises.
Many agents skip this step, and that’s how people end up with the wrong coverage. I take time to explain the fine print in plain English so you feel confident in your decision.
📞 Final Thoughts
If you’re in a season of change and losing your employer health insurance, you don’t have to go it alone. I help clients every day who are self-employed, laid off, or just in between jobs figure out their next best step.
👉 Reach out at jkappconsulting.com and let’s explore your options together. Whether you need something temporary or long-term, I’m here to make sure you get the coverage you need—without the confusion. Peace out, friends!
