Procedural question for those who may be a little more knowledgeable about the ACA. If you have employer provided insurance right now but plan to retire in January, must you wait until you have actually retired and left the job before you apply for insurance in the marketplace? I plan on retiring in mid-January, with coverage through Jan 31st. Since my coverage will end Jan 31st it seems wrong that I have to wait until it actually ends to buy insurance on the marketplace (with subsidy help). But the applications ask if you currently have coverage and I assume you can’t buy a policy (with subsidy help) if you have employer provided coverage at the time of the application.
Does anyone know how the nuts and bolts of how you do this when transitioning from employer provided health care to an ACA policy (with subsidy help). Seems like there should be a way to get everything lined up so it is in force at the appropriate time when your current insurance ends. I have an ACA application in front of me and the same question could be asked about filling out the current job and income information. If you are retiring, how do you complete this application with information for the coming retirement period, using your retirement income, when you are still employed? Any help would be appreciated.
Does anyone know how the nuts and bolts of how you do this when transitioning from employer provided health care to an ACA policy (with subsidy help). Seems like there should be a way to get everything lined up so it is in force at the appropriate time when your current insurance ends. I have an ACA application in front of me and the same question could be asked about filling out the current job and income information. If you are retiring, how do you complete this application with information for the coming retirement period, using your retirement income, when you are still employed? Any help would be appreciated.