SEC. 1164. SIMPLIFICATION OF ANNUAL BENEFICIARY ELECTION PERIODS.

[a] 2 Week Processing Period for Annual Enrollment Period [AEP]- Paragraph [3][B] of section 1851[e] of the Social Security Act [42 U.S.C. 1395w-21[e]] is amended--

[1] by striking 'and' at the end of clause [iii];

[2] in clause [iv]--

[A] by striking 'and succeeding years' and inserting ', 2008, 2009, and 2010'; and

[B] by striking the period at the end and inserting '; and'; and

[3] by adding at the end the following new clause:

'[v] with respect to 2011 and succeeding years, the period beginning on November 1 and ending on December 15 of the year before such year.'.

[b] Elimination of 3-month Additional Open Enrollment Period [OEP]- Effective for plan years beginning with 2011, paragraph [2] of such section is amended by striking subparagraph [C].