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7 issues to find out about reporting a life change

Printed on July 22, 2014

Upon getting Market protection, it’s essential to report life modifications. This data might change the protection or financial savings you’re eligible for.
Listed below are 7 issues to find out about reporting life modifications:

  1. It’s essential to report life modifications to the Market immediately. If you happen to qualify for a Particular Enrollment Interval to vary plans, you could have 60 days from the life occasion to enroll. If the modifications qualify you for kind of financial savings, make changes as quickly as attainable.
  2. You need to report the next modifications to the Market:
    • Adjustments in revenue or different modifications that have an effect on your family dimension.
    • Marriage or divorce, being pregnant, having a toddler, adoption/putting a toddler for adoption, gaining/dropping a dependent, or transferring.
    • Getting well being protection via a job or a program like Medicare or Medicaid.
    • See the total listing of life modifications to report.
  3. You’ll be able to report modifications on-line. Simply log in to your account. Choose your software, then choose “Report a life change” from the menu on the left. You can too report modifications by telephone. Contact the Market Name Heart at 1-800-318-2596 (TTY: 1-855-889-4325). Don’t report these modifications by mail.
  4. Some life modifications can have an effect on the premium tax credit score you could be eligible for. Go to the IRS web site to be taught extra.
  5. After you report modifications, you’ll get a brand new eligibility discover that may clarify whether or not you qualify for a Particular Enrollment Interval and whether or not you’re eligible for decrease prices based mostly in your new data.
  6. If you happen to’re eligible for a Particular Enrollment Interval, you’ll have the ability to store for a distinct plan within the Market on-line. Simply log in to your account and choose your software. Then choose “Eligibility and Appeals” from the menu on the left. Subsequent, scroll down and click on the inexperienced “Proceed to enrollment” button. You can too contact the Market Name Heart to vary plans by telephone.
  7. If you happen to’re not eligible for a Particular Enrollment Interval however the tax credit score you qualify for has modified – you possibly can’t change plans. However you possibly can select to regulate the quantity of the tax credit score to use to your month-to-month premiums.

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