If a consumer voluntarily terminated QHP coverage outside Open Enrollment, the consumer may have to wait until the next OE to choose a new plan, unless they qualify for a special enrollment period.

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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

If a consumer voluntarily terminated QHP coverage outside Open Enrollment, the consumer may have to wait until the next OE to choose a new plan, unless they qualify for a special enrollment period.

The situation hinges on Special Enrollment Periods (SEPs) that let people enroll in or switch QHPs outside the Open Enrollment window when certain life events occur. If you voluntarily terminate your QHP outside Open Enrollment, you’ve experienced a loss of coverage, which can qualify you for an SEP. With a valid SEP, you can enroll in a new plan during the SEP period; without one, you’d have to wait until the next Open Enrollment to enroll or switch plans. That’s why the statement is true: you may have to wait unless you qualify for an SEP due to that life event.

If a consumer voluntarily terminated QHP coverage outside Open Enrollment, the consumer may have to wait until the next OE to choose a new plan, unless they qualify for a special enrollment period.

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!

If a consumer voluntarily terminated QHP coverage outside Open Enrollment, the consumer may have to wait until the next OE to choose a new plan, unless they qualify for a special enrollment period.

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