For All Your Insurance Needs

Colt’s Commentary March 2023 – Medicaid Redetermination

Hey there,

In March 2020, the Centers for Medicare and Medicaid Services (CMS) paused Medicaid redeterminations to prevent individuals with Medicaid from losing their health coverage during the pandemic.

Beginning April 1, 2023, states will resume Medicaid redetermination reviews, and as a result, many Medicaid recipients may lose their coverage and will need to transition to other coverage such as employer plans or the Health Insurance Marketplace.

This also impacts their auto insurance if they have selected the PIP Medical Coverage Option 5 with a limit of $50,000.  This option is only available to individuals with Medicaid coverage.  

If you lose your Medicaid eligibility, make sure to update your auto insurance PIP Medical Coverage!

-Colt 

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com 

SEE ALL POSTS

Website and content disclaimer: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify, or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.