What do I do if I lost my job, don’t have a job, and cant pay premiums? I don’t know when I might be working again.
When you lose a job you qualify for a 60 day special enrollment period. You can get a Marketplace plan and report that you don't plan on having any income, and report the income you did make this year. Then you will qualify for cost assistance based on total Modified Adjusted Gross Income for a calendar year. When you start to work again, let the marketplace know so you can adjust cost assistance. If you get access to an employer plan before the end of the year, make sure to cancel your marketplace coverage when you switch back to an employer plan. You'll have to pay back some portion of assistance based on income you earn in that calendar year if you make more income than you project, so make sure you read up on advanced tax credit repayment limits. Lastly, in states that didn't expand Medicaid, some people will fall in "the Medicaid Gap" where they don't qualify for Medicaid or cost assistance and thus they should look into short term health plans. Lastly, if you lose your job and you qualify for COBRA, you can take that instead and then use special enrollment when COBRA coverage is set to end.