Individuals And Families Who Are On Cobra Now Have Until July 1st To Take Advantage Of Subsidies And Enroll In Marketplace Coverage

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ACA Marketplace Enrollment Solutions provides guidance on how this new Special Enrollment Period will work and how COBRA participants can evaluate their options on the Health Insurance Marketplace.

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Bill Hallberg, Chief Enrollment Officer, at the ACAMES headquarters in Bedford Park, IL.

According to a recently released guidance by the Center for Medicare and Medicaid Services (CMS), individuals who are currently enrolled in COBRA now qualify for a Special Enrollment Period on the Marketplace from May 1, 2014 until July 1, 2014.

Previously, individuals on their employer’s COBRA plan could only enroll on the Marketplace during Open Enrollment or when their COBRA expired. This new opportunity has the potential to help individuals and their beneficiaries on COBRA enroll in plans on the Marketplace that may be more affordable than COBRA.

Under the traditional and often expensive COBRA option, individuals are responsible for paying 100% of the premium for their employer-sponsored coverage plus 2% for administrative costs.

As a result of the Affordable Care Act and this new CMS guidance, individuals currently on COBRA can choose from a variety of plans on the Health Insurance Marketplace. Some of these individuals will even be eligible for subsidies to cover a substantial portion of their premium and can review plans and benefit options from a variety of insurance carriers. The total cost of a Marketplace plan may end up costing significantly less than the traditional COBRA option.

The Marketplace option may seem overwhelming or confusing for some people who are unfamiliar with individual health insurance plans. ACA Marketplace Enrollment Solutions stands ready to assist consumers, employers, and COBRA Administrators take advantage of this new Special Enrollment Period and help current COBRA beneficiaries find a new plan on the Health Insurance Marketplace.

How can ACA Marketplace Enrollment Solutions (ACAMES) help current COBRA beneficiaries and employers?

•ACAMES is a licensed, certified and multi-lingual national enrollment firm that specializes in Health Insurance Marketplace enrollment.

•ACAMES is not affiliated with any governmental agency. As a Health Insurance Marketplace enrollment provider, we are here to assist individuals and families secure health insurance. ACAMES is compensated by the insurance carrier and there is no cost to the potential customer or enrollee.

•ACAMES agents certified on the Marketplace possess extensive knowledge about the enrollment process. These certified agents can help calculate subsidies and explain how deductibles, out-of-pocket maximums and copayments work under The Affordable Care Act.

•ACAMES can also offer assistance at no cost to employers who are looking to educate their employees about the Marketplace options available to them when their employer-sponsored coverage ends.

•ACAMES represents national and regional health insurance carriers across the country that offer products both on and off the Health Insurance Marketplace. Visit our website at or call us at (800) 342-0631 to get more information.

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