Answer If you quit your job or retire, you'll get a Special Enrollment Period allowing you no less than 60 days to enroll in the Marketplace before your employer plan ends. If you lose your job-based insurance for any reason, you can buy a private health insurance plan in the Marketplace. Do I qualify for open enrollment on May 1? See also: Medicare starter kit. I’m leaving my job – and my insurance – on April 30. But because my wife has a job and we don’t live of welfare I don’t qualify for anything. Health plan participants covered by an employer-sponsored health insurance plan can possibly lose coverage if the employer discontinues the plan, the employee quits or the employee gets divorced from a covered spouse. Medicare When Working Beyond 65 Do you need to enroll in Part B if you have health insurance from an employer? ... AARP Job Board; Marketplace plans take effect the first day of the month after your job-based insurance ends. I have health insurance from my employer. Health… Don’t quit your health insurance By Susan Yellin. How to Keep Your Insurance Benefits When You Quit or Get Fired From Your Job. COBRA is still offered to employees who are laid off or terminated from a job, but these days there is another more permanent solution. ... Louise Norris is an individual health insurance broker who has been writing about health insurance and health reform since 2006. Federal and state regulations require many employers to offer continuance insurance policies, regardless of how you separated from your job. I just lost my job. I am planning to quit my job and would like to do so as soon as possible but I have one last doctor's appointment I would like to have covered by my insurance before I lose it. Shop for health insurance. If you lose your job-based insurance for any reason, you can buy a private health insurance plan in the Marketplace. In addition to unemployment insurance, health insurance, and pension benefits, you may be offered a severance package. Unless you're able to negotiate ongoing benefits as part of your severance package, you won't be able to rely on your employer to continue to pay for your health insurance coverage once you're no longer employed. Quitting your job? I can go on my fiancés insurance then since he will be my husband. What to Do If You Lost Health Insurance. For those who do decide to quit, employer benefits such as health care, dental and … Can a Marketplace plan start the same day I lose my job-based insurance? The best thing to do is to learn about the benefits you’re entitled to receive as a former employee. Losing your health insurance from your job because you quit can count as a life event! Do I qualify for open enrollment on May 1? You have health insurance through your job, but your company isn’t doing very well financially. No. So from what I am reading I am finding that I lost my job, my insurance, and have a family of 5. I am 65 and plan to keep working for some years. Losing a job can be very stressful. Q I'm thinking about leaving my job and starting my own business, but I'll lose my health insurance from work. What about quitting my job? A couple of months after the Obamacare open enrollment period closes, you get laid off and lose your job-based health insurance. Employer benefits play such a critical role in career decisions that some employees place benefits before career advancement when deciding whether to leave a job, according to Health.com. So at tax time I will pay a penalty for not having insurance for a year, when in all actuality I will only not have coverage for three months. If you’re planning to leave your job, you might want to think about continuing your supplementary health and dental insurance. Knowing what will happen to your flexible spending account when you lose your job will help you make smart choices.