Medicare Part D Drug Plans can generally only be switched during open enrollment (Oct 7th - Dec 15th). The new plan would become effective Jan 1st 2015. However, there are SEP's (Special Enrollment Periods), in which you can make a switch outside of open enrollment. Here are some examples of SEP's... You move outside your current plan's service area, you become eligible for medicaid or a low income subsidy, you have Medicare AND Medicaid (Medi-Medi).
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
You can only change your Medicare Part D prescription drug plan during the annual enrollment period - October 15th to December 7th of each year. If/When you change your part D plan to another part D plan, the effective date becomes January 1 of the following year.
To secure a new part D plan outside of the annual enrollment period, you will need a special enrollment period, have Medicare and Medicaid, or be eligible for medicaid and/or a low income subsidy.
You can look on medicare.gov to see more information regarding changing part D coverage.
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To secure a new part D plan outside of the annual enrollment period, you will need a special enrollment period, have Medicare and Medicaid, or be eligible for medicaid and/or a low income subsidy.
You can look on medicare.gov to see more information regarding changing part D coverage.