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Have a client who has group coverage starting Dec 1. When canceling an exchange plan via health sherpa, can you select the date you want coverage to end or do you need to call into hcare.gov?
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Call the marketplace.
does sherp let you designate the date of cancellation?Or go through the access account on sherpa and term it online
Call the marketplace.
If two people are on exchange policy, and one is going on medicare, you must do it on the last day of the month (prior to medicare effective date), and you must do it as a Life Change, and to create an SEP for remaining spouse, you must put down loss of coverage as of that last day of the month, to get a first of the month effective date. If only 1 person or more are on the policy, and they are moving to a group plan or other plan, (not medicare related), you must terminate the policy in advance, by more than 14 days, and this can be done via the back door to HC.gov. I think you can cancel up to 45 - 60 days in advance, but I always do it between 1st and 15th of the month to avoid "mistakes" by doing it too early.