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On October 20, Aries decides to switch his PDP to a Medicare Advantage plan. Aries would like this change to be effective November 1. Which statement is true for Aries?
On October 20, Aries decides to switch his PDP to a Medicare Advantage plan. Aries would like this change to be effective November 1. Which statement is true for Aries?
Final answer:Aries can only switch from a PDP to a Medicare Advantage plan during specified enrollment periods, and the new plan would not be effective until January 1 of the following year or respective period start if he qualifies for an SEP.Explanation:In terms of Medicare policies, you generally can't switch directly from a Prescription Drug Plan (PDP) to a Medicare Advantage plan outside of certain periods, such as theMedicare Annual Enrollment Period(AEP) from October 15 to December 7 each year. If Aries applies for the switch during this period, the new plan won't be effective until January 1 of the following year. Another period called the Medicare AdvantageOpen Enrollment Period(OEP), which runs from January 1 and March 31 every year, allows individuals to make one switch to a different Medicare Advantage plan or to Original Medicare with or without a stand-alone Part D plan. These rules can be different if Aries qualifies for a Special Enrollment Period (SEP) due to life changes or the holder resides in a Five-star Medicare Advantage plan or Part D plan.Learn more about Medicare here:brainly.com/question/34551935#SPJ11...