Annual Election Period Official Definition: “CMS defines Medicare’s annual Open Enrollment Period (October 15–December 7) as a period to join a plan. During this time each year, you can also drop or switch your plan coverage.” –...
Deductible Official Definition: “CMS defines a Deductible as the amount you must pay for health care before Medicare begins to pay, either for each benefit period for Part A, or each year for Part B. These amounts can change every year. (See Benefit...
Annual Notice of Change Official Definition: “CMS states and Annual Notice of Change (ANOC) includes any changes in coverage, costs, service area, and more that will be effective starting in January. Your plan sends each Medicare beneficiary a printed...
Medicare Savings Program Official Definition: “CMS says a Medicare Savings Program) is a Medicaid program that helps people with limited income and resources pay some or all of their Medicare premiums, deductibles, and coinsurance.” –...
Guaranteed Issue Rights Official Definition: “CMS defines Guaranteed issue rights (also called “Medigap protections”) as rights you have in certain situations when insurance companies are required by law to sell or offer you a Medigap...
