I have a client with an individual plan that termed 11/30/2014. She checked rates and enrolled on Marketplace effective 12/1 using a portion of her subsidy to pay the premium.
She gets a bill for January at a higher rate. The bill arrived after 12/15 so she couldn't choose a less expensive plan for Jan. She hasn't paid her Jan premium and is still in the payment grace period.
My understanding is she can still choose a new Marketplace plan for a 2/1 effective date.
Question: Because the 2/1 plan will be a new contract, can she simply ride her grace period then term the old plan retroactively or let it lapse for non-payment? That would save her the Jan premium.
Conceptually, this is equivalent to electing Cobra and lettine coverage lapse by not paying the premium.
She gets a bill for January at a higher rate. The bill arrived after 12/15 so she couldn't choose a less expensive plan for Jan. She hasn't paid her Jan premium and is still in the payment grace period.
My understanding is she can still choose a new Marketplace plan for a 2/1 effective date.
Question: Because the 2/1 plan will be a new contract, can she simply ride her grace period then term the old plan retroactively or let it lapse for non-payment? That would save her the Jan premium.
Conceptually, this is equivalent to electing Cobra and lettine coverage lapse by not paying the premium.