Results Of Logit Regression
The results of multiple logit regressions presented in Table 3 were consistent with those in Table 2. Regarding unmet needs in medical services, the odds ratio between respondents with and without job losses was 1.4 for those with income below the 200% poverty line. The interaction terms between job loss and income were statistically significant and positive .
As suggested by previous research,3436 the estimated coefficient of the interaction term in nonlinear models may not provide accurate information about interactive effects. Therefore, we further calculated the average marginal effects of job loss on unmet needs in medical services. The estimated marginal effects of job loss were consistent with the coefficients reported in Table 3. Controlling for demographic and socioeconomic characteristics, job loss increased the probability of reporting unmet needs in medical services by 3.8 percentage points for families with and income-to-needs ratio below 2, 6.1 percentage points for those with an income-to-needs ratio between 2 and 4, and 6.4 percentage points for those with an income-to-needs ratio above 4.
Average marginal effect of job loss on unmet health care needs by income: Survey of Income and Program Participation, 2008.
Note. We created an income-to-needs ratio by categorizing the sample into 3 groups: families with average income < 200% monthly poverty threshold, 200%400% monthly threshold, and > 400% monthly threshold .
Effects On Health And Mortality
Unemployment can have adverse health effects. One study indicated that a 1% increase in the unemployment rate can increase mortality among working-aged males by 6%. Similar effects were not noted for women or the elderly, who had lower workforce attachment. The mortality increase was mainly driven by circulatory health issues . Another study concluded that: “Losing a job because of an establishment closure increased the odds of fair or poor health by 54%, and among respondents with no preexisting health conditions, it increased the odds of a new likely health condition by 83%. This suggests that there are true health costs to job loss, beyond sicker people being more likely to lose their jobs.” Extended job loss can add the equivalent of ten years to a persons age.
Studies have also indicated that worsening economic conditions can be associated with lower mortality across the entire economy, with slightly lower mortality in the much larger employed group offsetting higher mortality in the unemployed group. For example, recessions might include fewer drivers on the road, reducing traffic fatalities and pollution.
What Options Are Available For You
If you need to know how to buy health insurance without a job, you should know that many options are available, so you can find the coverage that works best for you. Especially since many people lose jobs without warning or preparation, understanding your choices can help you relieve stress and ensure youre ready to make an informed decision about health insurance.
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Spouse Or Parents Health Insurance Plan
If your spouse has coverage through their employer, it may be possible for you to be added to their plan outside the annual Open Enrollment Period . Ask your spouse to contact their companys HR department to find out.
If youre under age 26 and your parents health insurance plan covers dependents, you usually can be added to their plan. But you can only stay on it until you turn 26.
What Is Excluded From Coverage
The rules on exclusions vary by policy. If you purchase a Health Insurance Marketplace policy, pre-existing conditions cannot be excluded from coverage due to the ruling of the Affordable Care Act. This ruling doesnt apply to short-term policies.
Check the policy wording carefully to determine the exclusions. Common examples include:
- Pre-existing conditions
- Lifestyle diseases caused by smoking, drinking, or drug abuse
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What Can You Do If You Cant Afford Health Insurance
Health insurance during unemployment may seem unaffordable, but you do have additional options if a comprehensive plan with subsidies, or short-term health insurance, is still unaffordable. Medicaid and CHIP programs are available in each state for individuals who cannot afford other health insurance. The eligibility for these programs will depend on the state you live in. Medicaid provides state-specific guidance after you enter your location.
Job Growth Projections 20162026
The U.S. Bureau of Labor Statistics reported on October 24, 2017 its projections of job growth by industry and job type over the 20162026 period. Healthcare was the industry expected to add the most jobs, driven by demand from an aging population. The top three occupations were: personal care aides with 754,000 jobs added or a 37% increase home health aids with 425,600 or 47% and software developers at 253,400 or 30.5%.
BLS also reported that: “About 9 out of 10 new jobs are projected to be added in the service-providing sector from 2016 to 2026, resulting in more than 10.5 million new jobs, or 0.8 percent annual growth. The goods-producing sector is expected to increase by 219,000 jobs, growing at a rate of 0.1 percent per year over the projections decade.” BLS predicted that manufacturing jobs would decline by over 700,000 over that period.
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Job Openings In The Health Sector Like The Rest Of The Economy Are Higher Than Pre
The Job Opportunity & Labor Turnover Survey does not differentiate between healthcare and social assistance positions in monthly data, but it does show that the combined number of health and social assistance job openings has been increasing since April 2020, hitting a record high in March 2022. Even after a decline in April 2022, job openings in healthcare and social assistance are 80% higher than before the pandemic.
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ACAs maximum out-of-pocket limit is growing faster than wages
Your Options Depend On Your Household Income
When you apply for Marketplace coverage youll estimate your income for the current calendar year.
- How to estimate your income if youre unemployed
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Its hard to predict your annual income if youre unemployed. Still, its important to make your best estimate based on all current or expected sources of income for the year.
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Types of income to include on your application:
- Unemployment compensation that you receive from your state. Visit CareerOneStop’s Unemployment Benefits Finder for more information about unemployment in your state.
- All household members income
- Additional types of income, including interest income, capital gains, and alimony
- Most withdrawals from traditional IRAs and 401ks. for information on non-deductible contributions, and IRS Publication 590-B for information on Roth accounts.)
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Note: Its very important to immediatelyupdate your income information with the Marketplace if your income changes during the year. This will ensure you get the right amount of savings based on your new annual income estimate.
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How Sbis Can Help
At SBIS, we have experts ready to assess your needs and provide you with the most up-to-date information on the available programs on the market.
Once you look at all of the options, you can make an informed decision. Its your health, and its your money. A supplemental health insurance plan is an excellent way to protect them both. Call us today.
Types Of Disability Policies
There are two types of disability policies.
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Short-term policies may pay for up to two years. Most last for a few months to a year.
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Long-term policies may pay benefits for a few years or until the disability ends.
Employers who offer coverage may provide short-term coverage, long-term coverage, or both.
If you plan to buy your own policy, shop around and ask:
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How is disability defined?
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How long do benefits last?
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How much money will the policy pay?
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Medicaid Health Insurance: Who Is Eligible
If youre unemployed, you may qualify for Medicaid depending on where you live. Thirty-eight states and Washington, D.C., expanded Medicaid under the Affordable Care Act. In those places, you can qualify for Medicaid based on your income alone if you earn 138% or less of the federal poverty level or $17,774 per year for an individual. The more people in your household, the higher the income cutoff.
In the 12 states that have opted not to expand Medicaid, your income wont be enough on its own to qualify. Youll need to meet other requirements, such as being a caregiver for a dependent child.
When you apply for coverage through HealthCare.gov, the government will see if youre eligible for Medicaid in your state and if any children in your household qualify for the Childrens Health Insurance Program . CHIP is for families that earn too much to be eligible for Medicaid but still may not be able to afford private health insurance.
Explore Health Insurance Policies With Health For California
While becoming unemployed can be stressful for individuals and families, having comprehensive health insurance that protects you and your dependents can help reduce the financial strain of paying out of pocket for medical services. However, you can also partner with organizations like Health for California, which understand everything about the health insurance application and enrollment process.
We work with you to find a health insurance policy that meets your medical and financial needs. Our process and app are easy-to-use, intuitive, accurate and free. With agents who are experts in the field, we can provide you with the personalized care you need and can answer all questions you might have completely free of charge.
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Best For Budget: Sidecar Health
Sidecar
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Only available in 16 states
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Phone assistance is not 24/7
When thinking of health insurance providers, it isn’t surprising if Sidecar Health doesn’t come to mind. This newcomer to the market launched in 2018 with big plans to change the face of health insurance. The Sidecar Health model differs completely from standard health insurance and could save you 40% on healthcare costs, making Sidecar Health our top budget pick.
Sidecar offers three plans: Budget, Standard, and Premiumalong with an option to customize any plan. These are not ACA-compliant, but their website hints an ACA-compliant plan may be coming soon.
With Sidecar Health’s online system, you select the level of coverage you want, then choose your options, such as prescription drugs. Policies are priced around $200 monthly for coverage of $10,000 per year and up to $400 monthly for annual coverage that maxes out at $2 million. Typically, there’s a $0 deductible, although you can opt to pay one to reduce the premium. Coverage starts within 14 days.
You have the freedom to see any doctor or provider, who you’ll pay with your Sidecar Health Visa payment card when you receive care. Because you’re effectively paying in cash, you may also find further discounts.
Sidecar Health isn’t traditional insurance, and you can join them or leave at any time. This is particularly useful when you’re unemployed and don’t know how long you’ll need coverage.
How Can I Get Health Insurance Without A Job
Group insurance through an employer may be the most common way to obtain health coverage, but it is not the only one. If you find yourself unemployed, a Special Enrollment Period allows you to enroll in an individual or family health plan within 60 days. Other events that might make you eligible for an SEP include:
- Changing your marital status
- Becoming a US citizen
- Moving to an area where your current plan is notoffered
- Losing health insurance from your employer
Once you enter your SEP, you can shop for unemployed health insurance on the exchange offered by your state or through a licensed broker like eHealth. If you choose a plan that is compliant with the Affordable Care Act , you may qualify for subsidies if you cant afford your health plan on your own. With increases in subsidies due to the ARPA, more people are qualifying for subsidies than ever before.
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Parents Or Spouses Health Insurance Plan
If youre not on the same plan as your spouse or parent, youre missing out on one of the most effective health insurance plans.
If youre married and unemployed and your spouse has a reliable insurance plan via their employer, you can easily be included in their policy.
Alternatively, if youre 26 years old or younger, youre eligible to be added to your parents health plan.
How to get it: Its likely that your job loss counts as a qualifying life event, which means your spouse or parent can add you to their plan outside of the annual open enrollment period. This typically has to happen within 30 days of losing your coverage.
If it happens to be open enrollment time, simply have your parent or spouse add you as a beneficiary when they sign up for coverage. No qualifying event needed. Easy!
Job Loss And Unmet Health Care Needs In The Economic Recession: Different Associations By Family Income
Contributors
J. Huang conceptualized the study question and approach, carried out the data analyses, and wrote the initial draft of the article. J. Birkenmaier contributed to forming research questions and conceptual models. Youngmi Kim contributed to the analysis plan. All authors contributed to writing and revising the article and approved the final draft as submitted.
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How Quickly Does Coverage Begin
If you purchase ACA insurance during Open Enrollment or Special Enrollment from day 1 through 15 of the month, cover typically starts on day 1 of the next month. If you enroll after day 16, it will be day 1 of the month after next. For example, if you enroll on January 17, coverage will begin on March 1.
You may find almost immediate coverage with some short-term policies, which makes them ideal for bridging insurance gaps.
Unemployed Adults In 20092010 Were More Likely To Have Fair Or Poor Health Than Employed Adults Across All Categories Of Insurance Coverage
- Overall, 11.3% of unemployed adults aged 1864 years had fair or poor health compared with 5.3% of employed adults .
- Among adults with private insurance, 4.3% of employed adults had respondent-reported fair or poor health compared with 7.8% of the unemployed. Among those with public insurance, 1 in 10 employed adults had fair or poor health compared with 1 in 7 unemployed adults.
- Adults with public health insurance and the uninsured were more likely to have fair or poor health than those with private coverage, regardless of employment status.
NOTE: Access data table for Figure 2 pdf icon. SOURCE: CDC/NCHS, National Health Interview Survey.
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Covered California For Unemployed People
The Covered California Health Exchange is an agency that helps connect California residents with affordable health insurance policies that meet ACA standards for minimum coverage, like prescription drug costs and preventative medical services. Covered California is an excellent solution for unemployed or low-income individuals because it helps you find subsidies and discounts to reduce premiums and medical costs.
Like many other insurance purchasing options, Covered California has open enrollment periods once a year. However, you can qualify for a particular enrollment period if you have a life-changing event, like losing your insurance due to unemployment.
The Affordable Care Act
Under the Affordable Care Act federal law, unemployed workers can also find health insurance through the governments Health Insurance Marketplace. The Marketplace provides individuals a way to purchase health insurance.
Normally, people need to apply for health insurance in the Marketplace during a particular enrollment period. However, if you leave a job outside of the normal enrollment period, you qualify for a Special Enrollment Period. This means that, once you leave your job, you have a 60-day enrollment window to shop and enroll in a health plan through the Marketplace.
Your health insurance options will vary depending on your income and household size.
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How The Autumn Statement Will Impact Households From Single Mums To Married Pensioners
Freezing of thresholds means those receiving a wage rise will pay more tax, while benefits increase by the rate of inflation
The chancellor, Jeremy Hunt, has pressed the button on a new wave of austerity in an autumn statement that will bring to an end eight years of improved living standards.
Hunt left the three main tax rates unchanged 20p basic, 40p higher and 45p additional rate with the first £12,750 of income tax-free and the 40% rate starting at £50,270. However, he did lower the threshold at which Britons start paying the 45p top rate of income tax to £125,140 a measure that will pull 250,000 people into the top rate.
In the 2021 spring budget, the then chancellor, Rishi Sunak, set up a four-year freeze on personal tax thresholds that began in April. Over time, this drags more low-income households into paying basic-rate tax and those with earnings nearing £50,000 into the higher 40% rate. Now Hunt has gone even further, by prolonging this deep freeze for a further two years, meaning no change until 2028.
However, the state pension and benefits will rise 10.1% from April, in line with Septembers inflation rate, and the national living wage for over-23s will increase from £9.50 an hour to £10.42.
This is how the autumn statement announcement will impact different households.
Unemployed Adults Aged 1864 Years Were Less Likely To Have Private Insurance And More Likely To Be Uninsured Than Employed Adults
- In 20092010, three quarters of employed adults aged 1864 years had private health insurance coverage more than four in five had either public or private insurance .
- Less than one-half of unemployed adults had any health insurance coverage. Of those with coverage, 59% had private coverage and 41% had public health insurance.
- Unemployed adults were more likely to be non-Hispanic black, to have less than a high school education, and to have family income below the poverty level in the previous year than employed adults .
NOTE: Access data table for Figure 1 pdf icon. SOURCE: CDC/NCHS, National Health Interview Survey.
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