Enrollment in Medicare Part D is optional but highly encouraged, especially for beneficiaries who take prescription medications regularly. The enrollment process typically occurs during specific enrollment periods, including: • Initial Enrollment Period (IEP): Beneficiaries can enroll in a Part D plan during their Initial Enrollment Period, which is the same as their Initial Enrollment Period for Medicare Parts A and B. This period begins three months before their 65th birthday month and extends for three months afterward. • Annual Enrollment Period (AEP): The Annual Enrollment Period takes place annually from October 15th to December 7th. During this time, beneficiaries can enroll in, switch, or disenroll from Part D plans. • Special Enrollment Periods (SEP): Special Enrollment Periods are available to beneficiaries who experience certain qualifying events, such as moving to a new area with different plan options, losing employer-sponsored coverage, or becoming eligible for Medicaid. Beneficiaries should review their current medications and compare Part D plans to find one that offers the best coverage and value for their needs. 5.2 Enrollment Process Chapter 5: Medicare Part D - Prescription Drug Coverage 202404PMED1MDSIMPLE 14 www.Postal-Service-Health-Benefits-Program.com
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