Medicare Annual Notice of Change (ANOC)

Each year, Medicare beneficiaries with a Part D or Medicare Advantage plan receive an Annual Notice of Change (ANOC) in September. This document outlines any changes to your plan’s coverage or costs for the upcoming year.

Who Receives a Medicare Annual Notice of Change?
If you have a Medicare Advantage plan or a stand-alone Part D drug plan, you will receive an ANOC. Medigap plan holders do not receive this notice since Medigap benefits do not change annually.

What is an Annual Notice of Change?
The ANOC explains changes such as increases or decreases in premiums, copays, deductibles, service areas, and drug formularies. It is crucial to review this document thoroughly to understand how your plan will change.

When Do Medicare Plan Changes Go into Effect?
Plan changes detailed in the ANOC take effect on January 1st of the following year. The notice is sent in September to give you time to review the changes and decide if you need to switch plans during the Annual Election Period.

What Should You Do with Your ANOC?

Review the ANOC carefully, paying attention to:

• Changes in coverage for your medications.

• Any new restrictions such as quantity limits or prior authorizations.

• Adjustments in premiums, copays, and deductibles.

• Service area changes.

 

What If You Don’t Like the Changes?
If you are unhappy with the changes in your plan, you can switch plans during the Annual Election Period (October 15 – December 7). Use this period to compare and select a plan that better fits your needs.

Annual Election Period (AEP)
The Annual Election Period allows you to:

• Change to a different Medicare Advantage plan.

• Switch from a Medicare Advantage plan to Original Medicare.

• Change your stand-alone Part D drug plan.

 

The AEP runs from October 15 to December 7, with any changes taking effect on January 1st.