How to Understand Your Medicare Plan “Annual Notice of Change” (ANOC)
One of the first thing that happens during the Annual Enrollment Period, (AEP) is the mailing of the Annual Notice of Change or ANOC letters. This happens in late September and the first part of October every year.
Your Medicare Advantage or Medicare Part D prescription drug plan ANOC provides important information. It can help you decide whether to keep your current plan or look for a new one during the Annual Enrollment Period.
Reviewing your ANOC is important because Medicare Advantage and Medicare prescription drug plan insurance providers review their plan details each year and make changes as needed to better serve plan members.
Here is what I recommend you look for in your ANOC and questions to ask yourself about your plan:
Provider network changes:
Drug list and pharmacy network changes:
Let me know any questions on your ANOC or if you did not receive one by now. Once you have reviewed you ANOC you will either decide to renew your Medicare Advantage or Prescription Drug plan or reach out to and we will start looking at your options. (The AEP does not apply to Medicare Supplement Plans.)
If you choose to renew, there is nothing to do – your plan automatically renews.