I am confused by health insurance, can someone help me?
I am on my mom’s insurance. In june I will age out (26). I will likely not be re-hired next year at my job due to a decrease in services we provide. My contract ends in May. I will either go to grad school or look for a similar job in other districts (I’m a teacher aide).
1. I know the affordable care act has a special enrollment period, does aging out qualify me?
2. If I work, I won’t need the ACA insurance and will go with the job-based. Can I cancel after just 3 months (school insurance is pretty great).
3. What is a deductible?
4.I’m high risk for a dettached retina (which can lead to blindness). I also have yearly visits with an opthmalogist due to my low vision. Should I take anything into consideration when choosing a plan based on this?
5. I make just under $25k a year (gross income) but only about 15k in takehome pay. Basically I make very little. I’m kind of freaking out about losing another 15% to health insurance it looks like.
This question is in the General Section. Responses must be helpful and on-topic.