Ever since HHS announced that, starting next year, the annual open enrollment period for the individual marketplace would overlap exactly with the AEP for Medicare Advantage and Medicare Part D plans – October 15th through December 7th – agents have been asking the question “what were they thinking?”
Yesterday they changed their minds.
In a proposed rule that, among other things, “sets forth payment parameters and oversight provisions related to the risk adjustment, reinsurance, and risk corridors programs; cost-sharing parameters and cost-sharing reductions,” HHS proposed that the open enrollment period for 2015 run from November 15, 2014 through January 15, 2015.
So, instead of overlapping with the Medicare AEP, it will overlap with Thanksgiving, Hanukkah, Christmas, Kwanzaa, and New Year’s. Here’s what the proposed rule says:
They go on to say that apps submitted by December 15th will be effective January 1st and those submitted after that will be effective February 1st. People with existing plans will be able to make changes until the end of the open enrollment period.
Isn’t this fun?