New: Same Day Termination of Consumer Marketplace Coverage Available

We are excited to see the Centers for Medicare & Medicaid Services (CMS) Marketplace Announcement that will relieve the historically burdensome 14 day FUTURE terminate date protocols.  Prior to the referenced rule change, when an insured called in to terminate their individual policy on the marketplace the termination would not be effective until 14 days in to the future.  CMS’ updated policy now reflects the typical process most carriers follow that an insured can request a “date of call” termination. 

See below for Fridays official Marketplace announcement

 

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