Here are five insights:
1. Each month, CMS is sending emails to about 15,000 people with subsidized marketplace plans. The email arrives in an inbox a few weeks before the individual’s 65th birthday.
2. The agency noted these Americans won’t want to continue coverage on marketplace plans, because their Medicare eligibility will cut any premium tax credits under the marketplace plans.
3. CMS also notified Americans covered by Medicare, but also enrolled on the marketplace for financial assistance. Although these Americans can have dual coverage, CMS recommends these individuals also cut their marketplace coverage as it just duplicates their Medicare benefits.
4. The 13 state-run marketplaces are also notifying Americans with overlapping coverage.
5. CMS is notifying older Americans in response to payers, unions and consumer groups calling on the government to offer coverage information as these individuals approach 65 years.
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