If you have Medicare benefits, you likely receive a number of letters from them in the mail. One of these letters is the Plan Annual Notice of Change (ANOC). In this letter, you learn exactly what has changed about your plan since the previous year. Through this information, you can make informed decisions when choosing whether you want to switch plans.
If you are curious about what is included in the ANOC, continue reading.
What is the Annual Notice of Change?
The Annual Notice of Change is a letter sent out to every Medicare plan member by their respective insurance administrators. If you are a member of Original Medicare, the letter will be sent by the Medicare administrators, while private plan members will get their letter from the insurer who administers their plans. In the letter, there should be documentation of any changes going into effect for the next year of coverage.
What to Do With the Annual Notice of Change?
When you receive an Annual Notice of Change, the best thing to do is review it carefully to see if you are losing any benefits that you need. Similarly, it could also be helpful to note any new benefits or increased benefits that will soon be offered. In doing so, you can prepare adequately for the upcoming enrollment periods.
When is the Annual Notice of Change Sent?
The Annual Notice of Change should be sent directly to you in September of every year. This gives you enough time to review it closely by the time Annual Enrollment begins on October 15th.
Get Ready for Annual Enrollment
Annual Enrollment allows you to act on the information featured in the Annual Notice of Change. During this time, you can switch plans and access different benefits. Yet, with so many plans on the market, it can be difficult to choose one that fits your needs.
To get help reviewing your Annual Notice of Change and finding a new plan, contact Magellan Healthcare by calling 866-779-3553.
