TeachMeFinance.com - explain Initial Coverage Election Period
Initial Coverage Election Period The term 'Initial Coverage Election Period ' as it applies to the area of Medicare in the United States can be defined as ' The 3 months immediately before you are entitled to Medicare Part A and enrolled in Part B. You may choose a Medicare health plan during your Initial Coverage Election Period. The plan must accept you unless it has reached its limit in the number of members. This limit is approved by the Centers for Medicare & Medicaid Services. The Initial Coverage Election Period is different from the Initial Enrollment Period (IEP). (See Election Periods; Enrollment/Part A; Initial Enrollment Period (IEP).)'.
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