What are the enrollment periods for Medicare Part D?

The correct answer is the one that includes the Initial Enrollment Period, Annual Enrollment Period, and Special Enrollment Periods because these are the three key timeframes during which individuals can enroll in or make changes to their Medicare Part D plans.

The Initial Enrollment Period is the first opportunity for those eligible for Medicare to enroll in Part D, which occurs when they first become eligible for Medicare. This period typically spans seven months: three months before the individual turns 65, the month of their 65th birthday, and three months afterward.

The Annual Enrollment Period, also known as the Open Enrollment Period, takes place each year, allowing current Medicare beneficiaries to review their coverage and enroll in, switch, or drop Medicare Part D plans. This period is critical for beneficiaries to reassess their coverage in light of any changes to their health needs or plan offerings.

Special Enrollment Periods are available for individuals who experience certain qualifying events that allow them to enroll or make changes outside regular enrollment periods. Such events could include moving out of a plan's service area or losing other credible prescription drug coverage.

This combination of periods provides flexibility and access to beneficiaries to ensure they have the appropriate drug coverage for their needs throughout their Medicare journey.