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I have retiree coverage from my former employer but it’s expensive. I’m not eligible for Medicare yet; will I be able to buy coverage in the Health Insurance Marketplace until then?

I have retiree coverage from my former employer but it’s expensive. I’m not eligible for Medicare yet; will I be able to buy coverage in the Health Insurance Marketplace until then?

If you have retiree health coverage, it is important to know that you are not eligible for financial help through the Health Insurance Marketplace. If you are considering dropping your retiree coverage, you can shop for a new plan through the Health Insurance Marketplace and you may be able to get financial help based on your household size and income. However, you won’t be able to enroll until the next marketplace open enrollment period. You also may not be able to return to the retiree plan if you drop it. Be sure to compare costs and benefits and talk with your former employer about your coverage options before you make any changes.

Once you become eligible for Medicare, you will not use the Health Insurance Marketplace and won’t be eligible for financial help through the marketplace.

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