Happy upcoming 26th birthday! Until you turn 26, there’s a good chance you may still be covered under your parents’ health insurance plan. But once you add that 26th candle to the birthday cake, that health insurance vanishes. Soon you’ll be on your own. In some cases, the solution comes when your employer provides you with coverage. If not, then you have to find your own health plan. We get it, it seems super scary and unaffordable. But it’s not as bad has it seems. Especially this year since health insurance rates dropped 7%. Open enrollment has started and runs until December 15th.

Here are some coverage options you may have:

1. Enroll in your employer’s group plan. If your employer offers healthcare benefits and you have the option to sign up in their group policy, losing your parent’s coverage qualifies you to enroll in the plan outside of Open Enrollment. Contact your HR Department to learn the next steps to take.


2. Enroll in Affordable Care Act Marketplace Online. If you’re unemployed, self-employed, or cannot get health insurance through your job, one option is to shop for a plan on your state or federal Marketplace online. There are several plans that are available through the ACA Marketplace. If you enroll before losing coverage your plan can start as soon as the first day of the month after you lose coverage. If you enroll after you lose coverage then your plan can start the first day of the month after you pick a plan.


3. Purchase Insurance through a Broker or Agent. Brokers and agents can help you compare different health insurance plan option and process your enrollment for free-you don’t have to pay any fees.


Insurance coverage can be overwhelming – confusing options and endless paperwork. Cosmo Insurance Agency makes it easy. Our team has mastered every detail of the insurance process and will walk you through the process to the end, so you can be 100% confident when signing on the dotted line. Don’t delay you have until December 15th or 60 days after your birthday to enroll. If you miss the timespan, you won't be able to sign up for coverage until next year 2020 open enrollment or unless you qualify for special enrollment period. Give us a call today at 732-363-3888


Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 




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