Your current Medicare Part D or Medicare Advantage plan may be discontinued, merged, or consolidated next year for several reasons:
- Medicare Plan Consolidation or Merger
Sometimes a Medicare plan will offer several different variations of a Medicare plan in a single Service Area (state or ZIP Code area) - and although all of these plans may offer slightly different drug or healthcare coverage, the company may decide to merge or consolidate these different plans into one single plan, or a
Medicare Part D plan from one company may be merged together with a
Medicare Part D plan from another company that was acquired during the year. In either case, existing Medicare plan members will be
automatically "crosswalked" to (merged into) the new Medicare plan that starts January 1st of next year.
The good news is that the members who are "crosswalked" do not lose Medicare plan coverage, but are moved to another plan. And the new Medicare plan may have new cost and coverage features. As an example, 2.7 million people are currently enrolled in a 2023 Medicare plan that will "crosswalk" plan members to a different 2024 Medicare plan.
Question: How will I know if my Medicare plan is being discontinued or I am being moved to another Medicare plan?
When a plan is no longer being offered, existing Medicare plan members
of
a Medicare Advantage plan or Medicare Part D plan will be notified in their Annual Notice of Change
(
ANOC) letter about the plan termination or consolidation - and plan members are given the option to
join another plan during the annual Open Enrollment Period (AEP).
Need a faster way to see if your Medicare Part D or Medicare Advantage plan is changing next year?
Our
PDP-Compare
and
MA-Compare
tools allow you to compare annual changes in
all
stand-alone Medicare Part D prescription drug plans (PDPs) or Medicare
Advantage plans (MAs or MAPDs) across the country showing changes in
monthly premiums and plan design changes, as well as changes in
co-payments or co-insurance rates for different drug tiers along with
the most recent Medicare quality star ratings.
Both the
PDP-Compare
and
MA-Compare also show the Medicare Part D plans or Medicare Advantage plans that will be
merged,
discontinued, or
added each year.