How long does the eligibility for a new enrollment last after the termination of a plan by CMS?

The correct answer is two months, which reflects the timeframe for eligibility for a new enrollment period following the termination of a plan by the Centers for Medicare & Medicaid Services (CMS). When a Medicare plan is terminated, individuals affected by this change are given a special opportunity to enroll in another plan. This two-month period allows beneficiaries to assess their options and choose a new plan that meets their healthcare needs without experiencing a lapse in coverage.

During this time, beneficiaries can evaluate different Medicare Advantage plans or switch between Medicare Part D prescription drug plans. This flexibility is crucial because it helps to ensure that individuals continue to have access to the necessary healthcare services without significant gaps in coverage.

Understanding this time frame is important for beneficiaries to avoid potential penalties or extended periods without coverage, which can happen if they do not act in time. Knowing that they have a two-month window gives beneficiaries peace of mind and encourages proactive management of their healthcare options.