What is the OEP-I used for?

The OEP-I, or the Open Enrollment Period for Individuals, is specifically designed for beneficiaries who have recently been institutionalized. This period allows them to enroll in a different Medicare Advantage (MA) or Medicare Advantage Plan with Prescription Drug coverage (MAPD) plan after they have moved into a skilled nursing facility or experienced an inpatient stay in a hospital.

Choosing to switch to a different plan during this period provides individuals the opportunity to adjust their Medicare coverage to better meet their health care needs, especially since circumstances around their care might have changed significantly due to their new living situation. This flexibility is crucial for ensuring that individuals receive the appropriate health benefits that align with their current health status and care requirements.

The other options do not accurately describe the specific purpose of the OEP-I. The period is not intended for general disenrollment, changes to current plans not related to institutionalization, or initial enrollment in Original Medicare. Each of these needs is addressed by different enrollment periods or options within Medicare.