What action can a person take if their LIS changes and leads to increased prescription costs?

When a person's Low-Income Subsidy (LIS) status changes and results in increased prescription costs, they have a specific opportunity to take action and adjust their Medicare plan accordingly. Enrolling in a new plan within 3 months of the LIS change is allowed to ensure individuals can manage their prescription drug costs more effectively. This flexibility is crucial for those who rely on medications, as it enables them to find a plan that better fits their financial situation under their new subsidy level.

This provision helps protect individuals from being stuck with a plan that does not meet their needs due to changes in their financial assistance. Other options do not provide the same immediate flexibility. For example, simply waiting for the Open Enrollment Period or assuming there are no options to change plans until that time would not address the urgent need posed by increased costs due to the LIS change. Additionally, the notion that one can change plans anytime during the year does not apply in this context, as there are specific rules and regulations regarding when beneficiaries can make changes, particularly related to their LIS status.