- Veterans (VA) Benefits -
If you have Veterans Affairs (VA) health coverage, you are not required to enroll in Medicare, but it may be a good idea to do so. Signing up for Original Medicare Part A and Part B will give you broader coverage when it comes to the doctors, hospitals and providers you can use.
If you ever need to use a non-VA Hospital, you will have more options available! Even in Emergencies, you will be limited in what your VA benefits will cover. You may have to foot the bill for some costs if you use a Non-VA Provider.
You can enroll in Original Medicare A & B and still keep your veteran's benefits!
Note: Medicare has a process to decide which insurance pays first.
If you ever need to use a non-VA Hospital, you will have more options available! Even in Emergencies, you will be limited in what your VA benefits will cover. You may have to foot the bill for some costs if you use a Non-VA Provider.
You can enroll in Original Medicare A & B and still keep your veteran's benefits!
Note: Medicare has a process to decide which insurance pays first.
Additionally, if you don't sign up for Medicare Part B during your Initial Enrollment Period (IEP) and decide to join later, you may have to pay a late enrollment penalty for not signing up when you were first eligible.
This penalty is a permanent 10% higher premium for every 12 month period that you were eligible for Medicare Part B, but didn't enroll. For example, if you enroll in Medicare Part B - 24 months after you were first eligible, you may have to pay a 20% penalty.
Ultimately, Original Medicare A & B Coverage may be a good way to broaden your current benefits, especially if there's a chance that you could lose your veterans benefits down the line.
Some Medicare Advantage Plans, which is a private version of Medicare, offer other benefits beyond what Original Medicare covers, such as routine vision, dental, and silver sneakers just to mention a few.
For more information about how your VA benefits would work with Medicare, give us a call!
This penalty is a permanent 10% higher premium for every 12 month period that you were eligible for Medicare Part B, but didn't enroll. For example, if you enroll in Medicare Part B - 24 months after you were first eligible, you may have to pay a 20% penalty.
Ultimately, Original Medicare A & B Coverage may be a good way to broaden your current benefits, especially if there's a chance that you could lose your veterans benefits down the line.
Some Medicare Advantage Plans, which is a private version of Medicare, offer other benefits beyond what Original Medicare covers, such as routine vision, dental, and silver sneakers just to mention a few.
For more information about how your VA benefits would work with Medicare, give us a call!
