Turning 65 with Obamacare

How to change from the Marketplace to Medicare

This first step is to enroll in Medicare. If you are turning 65 you will need to contact your local Social Security office to enroll. This can be done over the phone, in person or online here: www.ssa.gov/medicare

Next, you have to research the Medicare plans available on Medicare.gov and find a plan that is right for you. If you want to know about the differences in Medicare plans this site has a lot of information.

www.MaineMedicareOptions.com

Once you are enrolled in a Medicare plan then you can cancel your Marketplace plan. To cancel the plan call 1-800-318-2596.

IMPORTANT: Do not cancel your Marketplace plan until AFTER you have received your welcome letter from your Medicare plan. This letter will confirm your enrollment.

When you call the marketplace to cancel, be sure to document the call and keep a record the name of the person you spoke to and the exact date and time of the call.

Canceling your Obamacare coverage to switch to Medicare is usually pretty easy, but I have seen cases where cancellation requests weren’t transmitted to the carrier in a timely manner. For that reason, it may be wise to switch to paper billing prior to submitting your cancellation request.

That way, if something goes wrong when the cancellation request is being processed, you won’t end up with premiums being auto-drafted from your bank account or credit card after your coverage was supposed to be terminated.

It can take 3-6 months to get those funds rebated and you have to submit all the paperwork to get the process started and if you don’t submit the necessary paperwork or fill something out wrong, you have to start over while they continue to bill you.

If you have any questions or need to get a question answered just fill out the form below and one of our local licensed insurance agents will contact you. We’re happy to help and we don’t charge anything for help.