When Is the Best Time to Obtain Health Insurance?

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Getting health insurance before you really need it is recommended. The federal marketplace (and many state marketplaces) open enrollment period for purchasing private health insurance starts annually on November 1 and ends on January 15.

Periods of special enrollment

During a special enrollment period, you may be able to enrol in health insurance if you’ve experienced a qualifying life event. Certain situations may necessitate specific enrollment:

  • The end of your health insurance
  • Exiting a parent’s health insurance coverage as an adult
  • Getting hitched or splitting up
  • Transferring to another state
  • Procreating a family through birth or adoption
  • To make sure you don’t miss out on the special enrollment window, which usually lasts for 60 days following your qualifying event, start applying for it right away.

Read: Your Guide to Health Insurance: 4 Effective Ways to Get Covered

Plans for temporary health coverage

A short-term health insurance plan can be an option for you if you miss the open enrollment window or don’t meet the requirements for a special enrollment period.

Neither the basic essential coverage criteria nor coverage for pre-existing diseases are met by these plans, according to the ACA.

These plans are not accessible in all states and have a maximum duration of 364 days with two insurance renewal options.

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