03/29/2023
The Centers for Medicare & Medicaid Services (CMS) has announced a Marketplace Special Enrollment Period (SEP) for qualified individuals and their families who are losing Medicaid or Children’s Health Insurance Program (CHIP) coverage due to the end of the continuous enrollment condition, also known as “unwinding.”
This temporary SEP, referred to as the Unwinding SEP, will allow individuals and families in Federally-facilitated Marketplace (FFM) states to enroll in Marketplace coverage.
Marketplace-eligible consumers losing Medicaid coverage who submit a new application or update an existing application between March 31, 2023, and July 31, 2024, and attest that they have lost or will lose Medicaid or CHIP coverage between these dates, are eligible for the Unwinding SEP.
Consumers who are eligible for the Unwinding SEP will have 60 days after they submit their application to select a plan with coverage that starts on the first day of the month after they select a plan.
Many consumers who lose Medicaid coverage will be directed to apply for coverage through the Marketplace. Although the earliest terminations will be effective on April 1, some states began processing unwinding-related renewals on February 1. People who receive advance notice of an April 1 termination may apply for Marketplace coverage immediately to ensure continuity of coverage.
It is important to note that this Unwinding event will also affect many Seniors on Medicare. Those Seniors impacted by the loss of Medicaid coverage will have a similar Special Enrollment opportunity to make changes to their Medicare Advantage and Drug coverages.
This can be a very confusing and stressful process for many consumers.
• Which plan is best for me and/or my children?
• Which carriers have the best plans for our needs?
• Which plans do our doctors take?
• How do I re-apply, add my children to my plan or start a new
application?
There is no need to navigate this stressful time alone. Since 2002 I have been assisting clients with all of their insurance needs. I have been working with the ACA/FFM (Obamacare) since it was created in 2013. As an agent who has consistently been awarded the Elite level of the Circle of Champions certificate by the FFM, an award given to those agents that go above and beyond, helping consumers enroll into Marketplace plans, I can help you find, enroll and manage the plan that is right for you.
Call 704-609-1809 option 5, email [email protected] or visit www.MyBrokerSal.com. There is NO COST or premium mark-up for our services. Simply stated, there are many advantages of working through an Agent and no disadvantages.
