Which of these scenarios qualifies for a Special Election Period (SEP)?

Moving into, residing in, or moving out of a nursing home qualifies for a Special Election Period (SEP) because such circumstances represent a significant life change that can impact a person's healthcare needs and coverage choices. When an individual enters or leaves a nursing facility, their healthcare requirements may change considerably, necessitating a reassessment of their Medicare Advantage (MA) plan or other insurance coverage. Under federal regulations, these significant transitions allow individuals to enroll in or change their health plans outside the typical enrollment periods to ensure their coverage aligns with their current situation.

Other scenarios, while they may involve important changes, do not automatically trigger an SEP. Voluntarily changing MA plans or wanting to switch drug coverage usually happen during designated enrollment periods rather than in response to a significant life event. Experiencing a change in income might affect eligibility for certain assistance programs but does not independently qualify for an SEP regarding MA plans. Thus, the correct choice highlights a specific situation that meets the criteria for an immediate opportunity to alter one's health insurance enrollment.