Should You Keep a Marketplace Plan and Medicare at the Same Time?

The Medicare Advisor of Louisiana is an independent insurance agency aims to help individuals and businesses better grasp the intricacies of Medicare. When you are going about signing up for Medicare, you will find that there are multiple options available to you and the legalese can be difficult to comprehend. One common question that arises is, should you keep a marketplace plan and Medicare at the same time? The Medicare Advisor of Louisiana has the answer to this question and more, and we serve the entire state of Louisiana with resources to clear up common sources of confusion.

Should You Keep a Marketplace Plan and Medicare at the Same Time?

There are millions of people who receive government subsidies to help pay their Marketplace health insurance. There are many people who don’t have to pay a premium on their coverage because they receive a tax credit that reduces their insurance premium. When you become eligible for Medicare Part A, any tax credit you received for your Marketplace coverage will be gone. This will not be evident to you until you file your taxes and must repay any tax credit you received while you were qualified for Medicare. This mistake has cost many clients thousands of dollars. If you have any questions regarding this issue, don’t be afraid to call the Medicare Advisor of Louisiana.

Take Advantage of the Many Resources Offered by the Medicare Advisor of Louisiana

The Medicare Advisor of Louisiana has a free guide online that will help you avoid the 10 most common Medicare enrollment mistakes, as well as a plentiful amount of resources for you to educate yourself with. A few common mistakes we deal with include enrolling in Part B too early, failing to apply for federal and state aid programs for low income, and not enrolling in a Part D drug plan, just to name a few. We want everyone to enjoy the maximum benefits that they have worked to earn by signing up to the correct Medicare plan. Whether you are from New Orleans, Baton Rouge, Hammond, Metairie, Gonzales, or other Louisiana communities, the Medicare Advisor of Louisiana can help you parse through the complicated wording and exhausting process of securing the proper Medicare coverage. If the question of “Should You Keep a Marketplace Plan and Medicare at the Same Time” is relevant to you, contact us today!