What happens when a person turns 65 and is on ACA?

[somarco]

@ValeRosso . . . @Yagents lives and dreams about this stuff. He and "mom" and a few others are ACA to Mcare aces. You can take their advice to the bank.

Some of the rest shoot from the hip and usually miss the target. Be careful what you take away from these diatribes.

 

[ValeRosso]

Yes you will . Humana and United will take away the trueup and reapply it . I like to do this with Humana the most . Humana is the only company that doesn’t make the full chargeback for rapid disenrollment in the first 3 months . Example . Your write someone new to Medicare Jan 1st . Thats around $600 or $50 per month ( $25 on the regular mapd comp and $25 on the true up comp or $50 total per month) . If your client bolts this month before April 1st Your get a full $600 chargeback with all carriers accept Humana as its a rapid disenrollment. Humana only charges you back the 9 months and they let you the 3 months . Now if you move someone to a dsnp with Humana that was new to Medicare Jan 1st you lose nothing . Humana charges back the 9 months and credits back the 9 months on the new plan . With United you lose the full 12 months on both sides (regular mapd and true up and get credited back the full 9 months on the new dsnp). United treats it like a rapid disenrollment .

Appreciate this, thanks Don

Tax credits and plan continue until you cancel it. Nothing automatically is done by Marketplace

Thanks for this!