A qualifying event is any life change which makes you eligible for a new health insurance plan outside of the annual open enrollment period. Some of the common qualifying events are moving, adopting or having a child.
As a parent, having a baby is the most important thing you can do. A new baby is a great time to decide what type of health insurance will be best for your entire family. If you're on a health insurance plan with a large deductible, adding your newborn to the coverage can help lower your overall costs.
You can choose your plan more easily if you are prepared for life's major changes. These special enrollment period can happen at any time during the year. You are usually able to select a plan 60 days prior to a qualifying life event, like a marriage or birth.
Loss or cancellation of coverage qualifies for a qualifying incident
The most common qualifying situation that leads to a special enrollment is when you lose minimum essential health insurance. In the event that you are divorced or lose your health coverage, you will need to provide proof to enroll in a different plan.
Other qualifying events, such as if you turn 26 and lose coverage from your parent's plan, can also result in special enrollment periods. It is because you are no longer eligible for the same coverage as you were when you were younger.
New Job is a Qualifying Event
If you get a new job, you can usually expect to receive a special enrollment period that allows you to sign up for employer-based coverage. If you choose to purchase your own insurance, your employer-based coverage will not take effect until the next open registration period.
Change of residence is a qualifier
Gwen may be able sign up for a health insurance plan if she moves with her family from Miami to Philadelphia. This will help her protect herself and her family. This could save her money since she will not have to pay for the insurance premiums she would have had to pay if they stayed at their old house.
Divorce is an Event Qualifying
Max, an 25-year old man from Brooklyn who divorces his wife can enroll in new plans to help make sure he and his kids continue to get the health care that they need. Anthem's plans can be adapted to your changing life circumstances.
If you are a first-year student and do not have dependents or have an existing special enrollment period, you may be eligible for a special registration period. Members of religious congregations may qualify for additional exceptions.