For many people in the workforce, securing health insurance through their employer is a crucial part of their overall compensation package. However, this is not always an option for those who are underemployed or working part-time. In this article, we will explore options for obtaining health insurance coverage for those who fall into this category.
What is underemployment?
Underemployment is a term used to describe a situation where a person is employed, but their job does not provide them with the necessary income or work hours to meet their financial needs. This can lead to a lack of access to benefits, such as health insurance coverage.
According to a report by the Bureau of Labor Statistics, as of 2020, approximately 8.8 million people in the United States are considered underemployed. This represents a significant portion of the workforce and highlights the need for affordable health insurance options.
Options for Health Insurance Coverage
While a job with full benefits is ideal, there are other options for securing health insurance coverage for those who are underemployed. The following are some options to consider:
1. Marketplace Health Insurance
The Affordable Care Act, also known as Obamacare, allows individuals and families to purchase health insurance coverage through the Health Insurance Marketplace. This option is available to those who are not eligible for employer-based health insurance coverage and can provide affordable options for those who are underemployed.
The Marketplace offers a variety of different health insurance plans with varying levels of coverage and cost. Individuals and families can compare plans and choose the one that best fits their needs and budget. Additionally, those who meet certain income requirements may be eligible for subsidies that can help reduce the cost of their monthly premiums.
2. Medicaid
Medicaid is a health insurance program that is jointly funded by the federal government and individual states. It is designed to provide coverage to low-income individuals and families, including those who are underemployed.
To qualify for Medicaid, individuals must meet certain income requirements that vary by state. However, those who are underemployed or working part-time may be eligible for coverage. In some states, Medicaid coverage may be available to those earning up to 138% of the federal poverty level.
3. Short-Term Health Insurance
Short-term health insurance plans are designed to provide temporary coverage for those who are between jobs or need coverage for a short period of time. These plans are typically less expensive than traditional health insurance plans, but they may offer less coverage and come with higher out-of-pocket costs.
Short-term health insurance plans are not regulated by the Affordable Care Act, which means that they may not cover pre-existing conditions and may offer limited benefits. However, they can be a good option for those who need coverage for a short period of time and cannot afford traditional health insurance.
FAQ
1. Can I get health insurance if I am underemployed?
Yes, there are options for obtaining health insurance coverage if you are underemployed. These options include purchasing coverage through the Health Insurance Marketplace, qualifying for Medicaid, or purchasing short-term health insurance.
2. How much does health insurance cost for those who are underemployed?
The cost of health insurance coverage for those who are underemployed will vary depending on their income, the type of plan they choose, and whether they qualify for subsidies or other financial assistance. It is important to compare different plans and options to find the one that best fits your budget and needs.
3. Can I still see my current doctor if I purchase health insurance through the Marketplace?
The Health Insurance Marketplace offers a variety of different health insurance plans, each with its own network of providers. It is important to review the plan details and network before choosing a plan to ensure that your current doctor is in-network and covered by the plan.
Conclusion
While being underemployed can be challenging, it is important to prioritize your health and seek out options for obtaining health insurance coverage. Whether you choose to purchase coverage through the Health Insurance Marketplace, qualify for Medicaid, or purchase short-term health insurance, there are options available to ensure that you have access to necessary medical care and treatment.
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