A current Marketplace enrollee makes an active plan selection after December 15, 2024 but before the Open Enrollment Period ends. What is the typical effective date of that late selection?

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Study for the Federally Facilitated Marketplace (FFM) Exam with flashcards and multiple choice questions. Each question includes hints and explanations to help you prepare. Ace your exam today!

Multiple Choice

A current Marketplace enrollee makes an active plan selection after December 15, 2024 but before the Open Enrollment Period ends. What is the typical effective date of that late selection?

Explanation:
In the Marketplace, plan start dates follow monthly starts, with a cutoff around mid-December that determines whether a late enrollment begins on the first of January or the first of the next month. If you enroll after December 15, the earliest effective date is the first day of the following month. Since this enrollee made a late selection after December 15, 2024 but before the Open Enrollment Period ends, the next monthly start date is February 1, 2025. That’s why February 1, 2025 is the typical effective date for this late selection. January 1, 2025 would apply if the enrollment happened by the December 15 cutoff; December 31, 2024 is not the start date for a new plan under this rule; March 1, 2025 would occur only if there were a longer gap or a different enrollment situation not described here.

In the Marketplace, plan start dates follow monthly starts, with a cutoff around mid-December that determines whether a late enrollment begins on the first of January or the first of the next month. If you enroll after December 15, the earliest effective date is the first day of the following month. Since this enrollee made a late selection after December 15, 2024 but before the Open Enrollment Period ends, the next monthly start date is February 1, 2025. That’s why February 1, 2025 is the typical effective date for this late selection.

January 1, 2025 would apply if the enrollment happened by the December 15 cutoff; December 31, 2024 is not the start date for a new plan under this rule; March 1, 2025 would occur only if there were a longer gap or a different enrollment situation not described here.

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