SEP. What does this stand for? Special election period.
More specifically this deals with Medicare.
A special election period is a period of time outside of the normal annual enrollment period where a person can make a change to their Medicare health plan.
A five-star SEP is a special election period that is awarded to certain Medicare advantage plans and Medicare drug plans that have received a “five star” or excellent rating from CMS.
This five star SEP runs from December 8 to November 30 and allows someone who has Medicare and lives in the plan’s coverage area to change from their current Medicare plan to the five star plan.
There are several Medicare plans in western Pennsylvania that currently have this five star rating.
If there is someone who is not happy with their current Medicare plan, they have a great opportunity to make a change.
Reach out to my office for more details.