Categories: Medicare

Can I have Medicare and a Marketplace policy?

Generally, no. It’s illegal to sell you a marketplace policy if you have Medicare. Section 1882(d) of the Social Security Act makes it illegal to knowingly sell duplicate coverage to a Medicare beneficiary.

If you already have a marketplace policy before you sign up for Medicare, then you can keep your marketplace policy. However, any tax credits you were receiving will end when your Medicare Part A coverage begins. That means you’ll have to pay the full price for your marketplace plan.

https://www.cms.gov/Medicare/Eligibility-and-Enrollment/Medicare-and-the-Marketplace/Downloads/Medicare-Marketplace_Master_FAQ_4-28-16_v2.pdf

Published by
David L. McGuffey

Recent Posts

Passing of my father

On March 11, 2025, my father, James L. McGuffey passed from this life. The greatest…

4 months ago

What happens if I don’t fund my Qualified Income Trust?

Qualified Income Trusts (also known as Miller Trusts or a QIT) are necessary when the…

10 months ago

Changes in How Trusts are Taxed

Trusts, like everyone else, pay taxes when they earn income or sell capital assets for…

10 months ago

What is a Medicaid Asset Protection Trust?

People often visit us and ask about using a trust to protect assets in the…

10 months ago

QLACS Update

Last year we wrote about qualified longevity annuity contracts, sometimes referred to as QLACs. On…

11 months ago

Trusts and Medicaid: Protecting Assets

People regularly ask us whether they should use a trust to protect assets in case…

1 year ago