When should you notify the Marketplace about a change in your address?

It is important to notify the Marketplace immediately about a change in your address because this information can significantly impact your eligibility for coverage and the options available to you. The Marketplace uses your address to determine your eligibility for different types of health coverage, including Medicaid or Children's Health Insurance Program (CHIP), as well as to calculate any potential premium tax credits you may qualify for. Additionally, certain plans may only be available in specific geographic areas, so an address change could affect the insurance plans for which you are eligible.

Delaying the notification could lead to gaps in coverage or issues with your health insurance benefits, so timely communication of such changes ensures you maintain appropriate and continuous coverage. This urgency might not apply to changes related to insurance plans or billing cycles, making immediate notification the most prudent action.