What is the effective date for disenrollment elections made during AEP?

The effective date for disenrollment elections made during the Annual Enrollment Period (AEP) is December 31st. This date is significant because it aligns with the end of the calendar year and the start of a new coverage year on January 1st. During AEP, beneficiaries have the opportunity to make changes to their health plan choices, including disenrolling from a plan. However, any disenrollment processed during this period typically takes effect on the last day of the year, ensuring a seamless transition into the new year and new coverage options. This procedural rule allows individuals to start fresh in January with their selected plans or providers, underscoring the importance of making informed decisions during the AEP timeframe.