Navigating Health Insurance During Major Life Changes

Major life events can bring both excitement and uncertainty. During these times, you may need to account for how the changes impact various aspects of your life. Health insurance can be an especially important consideration, but also one that may fly under the radar. At Lefebvre Insurance Agency, Inc., we can help you and your family maintain appropriate coverage during times of transition.

Understanding Qualifying Life Events

Individuals and families who purchase their health plans through the Health Insurance Marketplace or enroll in an employer-sponsored arrangement are typically restricted from making changes in their coverage except during the annual open enrollment period. However, certain life changes, known as qualifying events, may allow you to update your health insurance at other times. Common qualifying events include:

• Marriage or divorce
• Birth or adoption of a child
• Loss of other health coverage (such as through a job change)
• Moving to a new area
• Death of a covered family member

These events typically trigger a special enrollment period, giving you a limited window to make changes to your health plan.

Reviewing and Updating Your Coverage

When a major life change occurs, it’s important to review your current health insurance to make sure it still meets your needs. Consider the following steps:

• Update your information promptly. Notify your insurer or benefits administrator about your life event as soon as possible to avoid gaps in coverage.
• Assess your new situation. Think about how your coverage needs may have changed. For example, adding a spouse or child may require a different plan or higher coverage limits.
• Compare available options. Take time to research various policies to make sure you’ll have suitable coverage at an ideal price point.

How Our Team Can Help

Navigating health insurance during life transitions can be complex, but you don’t have to do it alone. Our team at Lefebvre Insurance Agency, Inc. is dedicated to guiding Providence, RI families and individuals through every step of the process.

Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.