Obamacare Health Plans get canceled due to many issues. CMS reports 17,000 lost coverage due to citizenship or immigration issues; ezHealthMart.com's agent's help people upload documents directly into the Marketplace system electronically; this is something navigators working for the Marketplace are not able to do
MIAMI, FL / ACCESSWIRE / July 14, 2016 / Centers for Medicare and Medicaid Services (CMS) said enrollment fell to about 11.1 million, down from the 12.7 million before the end of the 2016 Open Enrollment Period. CMS said 87% of enrolled consumers remained signed up, within the 80% to 90% retention that was expected. The administration projected that about 10 million people will remain signed up by the end of the year. Also, in the first 3 months of the year, 17,000 people lost coverage because of citizenship or immigration documentation issues, which is down 85% from last year. People are looking forward to new plans, as the Open Enrollment for health care is arriving on November 1st. Insurance companies are planned to opt out of Obamacare this next enrollment period as well, making people eager to find Obamacare coverage for 2017. Owner of ezHealthMart says "There's 3 very important things to know before people applying for a 2017 Obamacare Health Plan, that if not done correctly may cause their plan to never go into effect or may fall off completely at some point during the year; especially because of not uploading documents correctly. ezHealthMart.com's agent's help people upload documents directly into the Marketplace's system electronically. This is something navigators working for the Marketplace are still not able to do. We always have clients that walk through our doors asking why did the Marketplace not accept the original document and is there another way to send my documentation to the Marketplace." EzHealthmart is going to cover 3 important aspects of Obamacare coverage.
The first things to know before applying for coverage is that it is almost impossible to keep coverage if documentation is not uploaded or sent to the Marketplace correctly. Uploading documentation is required in order to qualify and keep the financial assistance (tax credit or subsidy) offered by the marketplace. If consumers do not send in the requested documentation to the marketplace Subsidies can fall off. Consumers are usually given 3 months to get this information into the marketplace. If they do not submit the documentation in time, their subsidy will be cut off and they will be billed automatically by the health insurance company for the full amount after the subsidy falls off, in most cases. This could result in a consumer going from paying $20 a month to $300 or more a month.