What is the Medicare Annual Notice of Change?

Posted in Medicare Advantage

What is the Colorado Medicare Annual Notice of Change?

If this is the first time you have received an Colorado Annual Notice of Change or are unsure what to do with it, read on for everything you need to know.

Every Fall, if you are enrolled in a Medicare Advantage plan or a Medicare Prescription Drug Plan, you will receive an “Annual Notice of Change” in the mail by September 30th.

This document is sent by your Medicare plan administrator to alert you to any changes in your coverage that become effective in January.

Every Colorado Medicare plan must send this notice no later than September 30 of every year, or at least 15 days before the start of the annual enrollment period.

The ANOC may be included with your Colorado plan’s Evidence of Coverage. The Evidence of Coverage contains details about your current Medicare plan cost, coverage, and benefits, while the Annual Notice of Change outlines plan changes for the coming year.

What Should You Do When You Receive the Medicare Annual Notice of Change?

When you receive the Annual Notice of Change, review it carefully. It may contain changes to your plan’s costs and benefits. Your co-pay is subject to change, as well as the physician network.

Pay special attention to the following:

  1. Changes in providers, services or prescription drug coverage. Make sure the health care providers, prescriptions and services you currently use are still covered under the plan’s changes.
  2. Amendments to out-of-pocket costs and expenses. Make sure you understand any changes to your out-of-pocket costs, deductibles and co-payments.

Make Changes

If you decide the plan won’t meet your needs, you can make changes to your coverage during the Colorado Annual Enrollment Period. The Annual Enrollment Period is from October 15 – December 7. This is the time to review your options and chose the plan and coverage that you would like in place for the upcoming year.

If you are happy with your current coverage and comfortable with the changes outlined in the ANOC, you don’t have to take any action at all.

If you don’t receive the ANOC by September 30, contact your plan administrator.

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