SEP, LEC, PDP, MA, MAPD, CMS, IEP, ICEP…Medicare has a lot of acronyms, and it’s hard to keep them all straight. At Hovis & Associates, we make the complicated SIMPLE, so we compiled the most commonly used acronyms in a handy list to help you make heads or tails of Medicare lingo.
|
ACRONYM |
NAME |
|
CMS |
Centers of Medicare & Medicaid Services |
|
SS |
Social Security |
|
IEP |
Initial Enrollment Period |
|
ICEP |
Initial Coverage Election Period |
|
MA |
Medicare Advantage |
|
MAPD |
Medicare Advantage Prescription Drug |
|
PDP |
Prescription Drug Plan |
|
AEP |
Annual Enrollment Period |
|
OEP |
Open Enrollment Period |
|
SEP |
Special Election Period |
|
SEP-LEC |
Loss of Employer Coverage |
|
SEP-MDE |
Medicare/Medicaid Dual Enrollment |
|
SEP-MOV |
Moved outside service area |
|
SEP-SNP |
Special Needs Plan |
|
SEP-DST |
Health Disaster |
At the start of each Medicare consultation, it is a good practice to confirm the potential enrollee’s election period. An election code is a crucial part of the application, because using the incorrect election code can cause the application to be placed on hold; therefore, the enrollee will not have coverage at the start of the requested effective date. We understand how confusing election periods can be, so we created a flow chart to make it easier for you to know what election code to use and to prevent any delays with applications.
Does your current upline help you with Election Periods or Medicare lingo? Do you have unique Medicare cases where you are not sure if they are eligible for an SEP, ICEP or IEP, and have nowhere to turn to for help with your election period questions? Looking for a knowledge staff of people to help you with your difficult cases? Give us a call today at (888) 613-6196 or check us out on FB, LinkedIn and YouTube. We make the complicated SIMPLE!
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