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As the continuous enrollment provision for Medicaid and CHIP beneficiaries comes to an end, many people may be at risk of losing their health insurance coverage. However, there are many other health insurance options available. In this article, we will guide you through the process of getting health coverage, even if you lost Medicaid. With the help of TMT Insurance, you can find affordable health coverage that meets your needs or even a $0/month Health Coverage.

Understanding Medicaid Unwinding

As a result of the COVID-19 pandemic, many people were enrolled in Medicaid due to the continuous enrollment provision. However, the Consolidated Appropriations Act signed into law on December 29, 2022, sets an end to the continuous enrollment provision on March 31, 2023, and separates the continuous coverage provision from the COVID-19 public health emergency. This means that many people lost Medicaid coverage, but there are options available to help them get affordable health coverage. 

The Marketplace Special Enrollment Period (SEP)

If you lost Medicaid or no longer eligible for Medicaid, you may be able to enroll in a Marketplace plan during a Special Enrollment Period (SEP). The Centers for Medicare and Medicaid Services (CMS) have announced a Marketplace Special Enrollment Period (SEP) for individuals and families who lost Medicaid or CHIP coverage due to the end of the pause on Medicaid redeterminations. This Unwinding SEP allows individuals and families to enroll in a Marketplace plan outside of the annual Open Enrollment period. CMS will update HealthCare.gov so that Marketplace-eligible consumers who submit a new application or update an existing application between March 31, 2023 and July 31, 2024, and attest to a last date of Medicaid or CHIP coverage within the same time period, are eligible for an Unwinding SEP. Consumers who are eligible for the Unwinding SEP will have 60 days after they submit their application to select a Marketplace plan with coverage that starts the first day of the month after they select a plan.

Eligibility for $0/month Coverage

If you lost Medicaid and looking for an alternative, you may be eligible for $0/month coverage through the Affordable Care Act (ACA). Depending on your income and family size, you may qualify for premium tax credits that can significantly lower your monthly premium. The plan includes preventive care, doctor visits, hospital stays, and prescription drugs, among other services. It is a great option for those who are looking for affordable health insurance coverage.

To be eligible for the $0/month health coverage, you need to meet certain income requirements. Your household income need to be at or below 138% of the federal poverty level (FPL). You must also be a resident of the state where the plan is offered and not eligible for Medicare or other public health insurance programs. TMT Insurance can help those who lost Medicaid to determine the eligibility for these credits and find a plan that meets your needs.

Medicaid unwinding federal poverty level

Benefits of the $0/month Health Coverage

There are many benefits to enrolling in $0/month health coverage plan, including:

  • $0 monthly premium: The plan is available at no cost to eligible individuals and families.
  • Comprehensive coverage: The plan includes a wide range of healthcare services, including preventive care, doctor visits, hospital stays, and prescription drugs.
  • No deductibles: There are no deductibles to meet before coverage kicks in.
  • Low out-of-pocket costs: The plan has low copays and coinsurance for covered services, which can help you save money on healthcare costs.
  • Network of healthcare providers: TMT Insurance has a wide network of healthcare providers that you can choose from, including many Vietnamese doctors, hospitals, and pharmacies.

Conclusion

Losing Medicaid coverage can be a difficult and stressful experience, but it’s important to know that there are options available to help you get the health coverage you need. The Marketplace Special Enrollment Period (SEP) and eligibility for $0/month coverage through the Affordable Care Act (ACA) can help you find affordable health coverage that meets your needs. If you are eligible for the $0/month health coverage plan, it can provide comprehensive coverage at no cost to you. TMT Insurance is here to guide you through the process and ensure that you have the coverage you need. Don’t wait, enroll today and get the peace of mind that comes with having health coverage.

 

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