Most Important Letter This Year? Your Part D Annual Notice Of Changes

You probably find lots of junk mail in your mailbox. But, if you are one of the 50 million beneficiaries with Part D prescription drug coverage, either through a stand-alone Part D drug plan or incorporated into a Medicare Advantage plan, pay attention now. Buried in that stack will be the Annual Notice of Changes (ANOC), a letter about Open Enrollment and your Part D drug coverage for next year.

The Open Enrollment Period, October 15-December 7, is your chance to ensure you have the best plan in 2025 and the ANOC is your guide to the changes. A KFF analysis showed that only 3 in 10 beneficiaries (29%) compared their current plan with others during Open Enrollment. If I had the space, I could share dozens of tales of woe from those who got caught asleep at the wheel and woke up on January 2 to unpleasant cost and coverage issues.