re determine the subsidy.

SamIam

Guru
1000 Post Club
1,237
All the previous years we re-did the applications because the plans kept changing. This year the BCBSIL plans are the same and rates really didn't go up. I have all my clients on passive renewal. I thought if the income was the same we didn't have to do anything. My client said she got a call with BCBS it might of been the marketplace.

My GA told me we have to get on the phone with the client and call the marketplace to redetermine the subsidy. Is that correct? what's the point of the passive renewal.
 
There is no such thing as a long term policy hold anymore in this biz. I actively re-enroll almost every one so I ensure my NPN was not stripped off with damn address change you didn't know about, or the APTC changing dramatically in many areas, or new plans, networks, etc. You go ahead and passively renew, and you'll find drop off in your book of 20% each year. They may just end up my client.
 
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