25 y.o 3Ls turning 26/Health insurance for bar summer Forum

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lacrossebrother

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25 y.o 3Ls turning 26/Health insurance for bar summer

Post by lacrossebrother » Fri Nov 07, 2014 2:19 pm

How does health insurance work when your parents plan kicks you off right around the time school ends and work doesnt start till the fall? Do you have to buy obamacare for a couple months or can you just risk it without the penalty/"tax"?

mrjohnsterman

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by mrjohnsterman » Fri Nov 07, 2014 4:21 pm

I believe you can go three consecutive months without insurance without being subject to a penalty (look it up though), if you will be off longer than that then you can jump on Obamacare, remember you are likely eligible for merely catastrophic coverage when you're 26.

sentiment

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by sentiment » Fri Nov 07, 2014 5:47 pm

If you would have to pay more than 8% of your income for health insurance, you're exempt from any penalty. So assuming you have no or little income while studying for the bar, there wouldn't be any penalty for not being covered.

Mal Reynolds

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by Mal Reynolds » Fri Nov 07, 2014 6:25 pm

Have your parents cop that Cobra. They can afford it.

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glitter178

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by glitter178 » Fri Nov 07, 2014 6:36 pm

check with your firm? it's possible that your coverage begins during the summer. mine did.

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lacrossebrother

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by lacrossebrother » Fri Nov 07, 2014 7:28 pm

glitter178 wrote:check with your firm? it's possible that your coverage begins during the summer. mine did.
Oh word. Catastrophic coverage is $130 for me just saw a month. :shock:
Is that what bartenders and shit buy? That fucking sucks.

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lacrossebrother

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by lacrossebrother » Sat Nov 08, 2014 5:39 pm

lacrossebrother wrote:
glitter178 wrote:check with your firm? it's possible that your coverage begins during the summer. mine did.
Oh word. Catastrophic coverage is $130 for me just saw a month. :shock:
Is that what bartenders and shit buy? That fucking sucks.

shock259

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by shock259 » Sun Nov 09, 2014 3:30 am

I enrolled in Medicaid to cover the gap period. It was a breeze through the online system, and the coverage was $0. Never ended up using it.

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kay2016

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Re: 25 y.o 3Ls turning 26/Health insurance for bar summer

Post by kay2016 » Sun Nov 09, 2014 7:34 pm

shock259 wrote:I enrolled in Medicaid to cover the gap period. It was a breeze through the online system, and the coverage was $0. Never ended up using it.
Not 26 yet, but parents didn't have insurance to put me on...

Medicaid works if your state expanded medicaid, but if your state didn't and you'd qualify you're also exempt from the penalty... But that doesn't help if something actually happens

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