17 Oct What You Need to Know About Medicare Annual Notices of Changes: The Critical Essentials
If you’re in the Medicare world, pretty soon, you’ll likely receive either a plan Annual Notice of Change, or ANOC, or a termination of your plan. Our goal here is to walk you through some of the things you should look out for and provide a brief plan of action in case you need to take action.
Essentially, if you have Medicare Advantage or Part D, your plan and coverage might very well change beginning on January 1, 2019. When you review your ANOC, look in the concise table of changes section for any new details as they pertain to:
- Primary Care Physicians (PCP)
- Preferred Provider Organization (PPO) including specialists
- Co-pay changes and hospitalization co-pays
- Changes to prescription drug coverage
What you’re looking for, of course, are any price increases you may incur from changes to your Medicare coverage plan. If you do have changes to your plan, you can always discuss the options you have to navigate those changes. Please keep in mind that ANOC or plan terminations do not apply to Medicare Supplement.
THE BOTTOM LINE
- Providers may very well change the coverage you receive, and they will notify you of these changes with an Annual Notice of Change.
- If you receive an ANOC, be sure to review the concise table of changes section.
- Look for any changes to your PCP, PPO, co-pays, or prescription coverages.
- Get advice on how to best navigate those changes.