When does eligibility to enroll in a new plan begin after losing creditable coverage?

The eligibility to enroll in a new Medicare plan after losing creditable coverage actually begins the date of notification of loss. This means that once you receive formal notice stating that your previous coverage is no longer valid or that you specifically have lost creditable coverage, you are granted a Special Enrollment Period (SEP). During this period, you can select a new plan that suits your needs.

This is crucial because it allows individuals to take timely action without unnecessary delays in obtaining new coverage. The moment you are officially informed about the loss of your previous coverage marks the starting point for your new enrollment opportunities, ensuring that you do not experience a lapse in Medicare coverage.

Other options do not accurately reflect the policies regarding enrollment timelines after losing coverage.