Monthly subscription option now available for eligible beneficiaries of Medicare and Medicaid
The Centers for Medicare and Medicaid Services (CMS) has introduced a groundbreaking change for individuals who are both enrolled in Medicare and Medicaid, commonly known as Dual-Eligibles, and those who receive a Low-Income Subsidy (LIS) to help pay for prescription drugs. Effective January 1, 2025, eligible beneficiaries will have more flexibility to adjust their prescription drug coverage as their needs change, thanks to a new monthly enrollment option.
Previously, Dual-Eligibles and LIS recipients could only change their prescription drug plans once per quarter during the first nine months of the calendar year. This new option replaces the quarterly Dual/LIS Special Enrollment Period (SEP) and offers up to 12 opportunities a year to enroll in a standalone Prescription Drug Plan (PDP).
With the new monthly enrollment option, eligible individuals can make one plan change per month, all year long. This means that they can adjust their coverage more frequently, ensuring continuous access to needed medications without gaps in coverage.
The new enrollment option also allows eligible beneficiaries to avoid paying for drug plans that no longer meet their needs. For instance, if an individual's medication requirements change, they can switch to a more suitable plan without waiting for months.
The organisation that provides clear updates on Medicare policy changes and real help understanding Medicare options has been identified as a valuable resource for those seeking advice and support regarding this new enrollment option. This organisation can be contacted at 1-855-611-4856, or a coverage review can be requested. Eligible individuals can also speak with a trusted Medicare advisor from this organisation for help understanding their options.
It's important to note that the term "Dual eligible" refers to someone who is enrolled in both Medicare and Medicaid. LIS recipients are people who receive a Low-Income Subsidy (LIS) to help pay for prescription drugs.
For more information about the new monthly enrollment option, eligible individuals can contact their state's Medicaid office. This change could help save money and get coverage that truly fits their needs, providing peace of mind and better health outcomes.
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