Medicare for People with Marketplace Coverage

Eligibility for People with Marketplace Coverage

f you’re currently enrolled in a Health Insurance Marketplace plan and are approaching Medicare eligibility, it’s essential to understand how Medicare affects your coverage. Once you become eligible for Medicare, you can no longer receive premium tax credits or other cost savings through your Marketplace plan. At this point, you should transition to Medicare to ensure continuous coverage.

Enrollment Process for People with Marketplace Coverage

When you first become eligible for Medicare, you should enroll during your Initial Enrollment Period (IEP) to avoid late enrollment penalties. If you delay enrollment in Medicare Parts A and B, you risk losing coverage and paying higher costs in the future. After enrolling in Medicare, notify the Marketplace that you now have Medicare to prevent any disruptions in your healthcare coverage.

Medicare Benefits for People Transitioning from Marketplace Coverage

After transitioning to Medicare, you will have access to the full range of benefits under Medicare Parts A and B, including hospital care, physician services, and preventive services. Medicare coverage ensures you receive comprehensive healthcare without the need for Marketplace coverage, offering peace of mind as you move forward with your health insurance needs.

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