Medicare Annual Election Period Ends December 7
The 2018 Medicare Annual Election Period (AEP) will be coming to an end on December 7. Medicare beneficiaries have until this date to choose a new Medicare Advantage or Stand Alone Part D plan for the 2018 plan year.
If any of your employees have a Medicare plan and did not choose a new plan during AEP but they wished they had, they still may have an opportunity to join if they have a Special Election Period (SEP).
Some common qualifiers for a SEP are:
- Leaving employer-group coverage (voluntary or involuntary)
- Qualifying for Part D subsidy programs, such as low-income subsidy (LIS) or NYS Elderly Pharmaceutical Insurance Coverage (EPIC), or losing eligibility for them
- NYS EPIC is an option for many people as it is fairly easy to qualify
- Moving in or out of a plan’s service area