What is a Qualifying Life Event?

Life happens and people often find themselves unsure of what to do. Qualifying Life Events are changes in circumstances that allow individuals to make changes to their health insurance coverage outside of the normal annual open enrollment periods.

These apply to those insured under coverage from the federal marketplace or an employer plan, and can even apply to those on or moving to Medicare.

The most common Qualifying Life Events are:

• Loss of coverage from an employer plan

• Loss of Medicare, Medicaid, or CHIP

• Loss of coverage under a parent's plan due to age (26+)

• Loss of COBRA (continuation) coverage

• Household changes including:

  • Marriage

  • Divorce

  • Birth or adoption

  • Change in residence

    
    

As noted, experiencing a Qualifying Life Event allows you to make changes as needed to help keep you and your family covered as life happens.

Interested in learning more? We’re here to help.

BMA Financial Insurance Services is your trusted partner that can help bring clarity and understanding to whatever your situation may be. Let us help explain your options. Our focus is on educating our churches and pastors to help them make well informed decisions about these very important topics.  

BMA Financial Insurance Services is your trusted resource. Let us serve you today!  

Mark Bradley

BMA Financial - Insurance Services

501.499.4205

mbradley@bmaamerica.org

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