Available Mon-Fri, 9am-6pm ET | Call 800-970-1964
Veterans – Thank you for your service. Now let us be of service to you and walk you through how Medicare works with your veteran benefits. Tricare for Life and VA benefits each offer different coverage and each work with Medicare differently.
Read carefully because there are common mistakes we see veterans make that result in lifelong Medicare penalties.
The VA and Medicare are completely separate systems that offer healthcare services. Because of this you are not required to enroll in Medicare if you have VA benefits. Perhaps you live next to a VA hospital and use it for all of your care and prescriptions.
However our recommendation is to still sign up for Medicare Parts A & B even if you have VA benefits. This gives you the most flexibility and prevents the worry of any penalties down the road.
Medicare Doesn’t Have To Be So Hard…
Schedule your FREE appointment to have our team answer your questions and make Medicare easy.
VA benefits do NOT count as creditable coverage for Part B. This means you will have a penalty if you sign up for Part B later down the road.
VA benefits DO count as creditable coverage for Medicare Part D. You can also likely get cheaper costs for your prescriptions by filling them through the VA.
Warning: VA Benefits are Not Creditable Coverage for Part B
If you fail to sign up for Part B, you’ll have a lifetime penalty added onto your monthly premium if you ever decide to enroll in Part B in the future.
Tricare For Life acts similar to a Medicare Supplement plan because it is secondary to Original Medicare. This means that you do have to be enrolled in Medicare Part A and Part B in order to use your Tricare For Life benefits! We
You Must Have Medicare Part A & Part B to use Tricare For Life.
Tricare is your secondary insurance, so it is unable to work without Medicare as primary.
Since veterans are able to get their prescription drugs from the VA, there are Medicare Advantage plans designed to give veterans additional benefits. They do this by allocating the money that would typically go towards offering you a prescription drug benefit and using that money to provide additional medical benefits to you.
We often see these veteran focused plans give a Part B giveback which goes directly back onto your Social Security check.
No, there is nothing about being a veteran that affects the amount you pay for Medicare or Medicare supplemental plans. The only way to get Medicare Part A for free is to work 40 quarters in the US and the only way to get Medicare Part B for free is to have a low enough income to qualify for a Medicare Savings Program.
Yes, you need to have Medicare Part B. Tricare will be your secondary coverage (like a Medicare Supplement), so it needs to have Medicare Part B as the primary insurance in order to work.
Technically you are not required to take Part B if you use the VA for all of your healthcare. In practice, we definitely recommend getting Part B when you are first eligible.
Since the VA does not count as creditable coverage, you will have a Part B penalty if you decide to sign up for Part B later on down the road.
Medicare has some unique interactions with Tricare and VA benefits that veterans need to be aware of. If you have questions about how Medicare works with your unique situation, schedule an appointment with us. We’ll be happy to help you.
“This was the best experience I’ve ever had dealing with Medicare information.” – Darrell P.
For 40 years, our family has been helping seniors understand their Medicare benefits and find the best plan for their unique situation – the best part? Our service is always 100% free to you!
Wouldn’t this be
Easier on video?
Reading about Medicare can be confusing…Thats why we took all the important parts and put them into an easy, free video.
Get Our FREE Medicare & Social Security Cheat Sheet
Download this FREE printable cheat sheet to get the information you need in one place. You’ll never worry about forgetting a number, date, or deadline again. UPDATED FOR 2024!
Popular Articles
Learn how Medicare works, when and how to sign up, and a breakdown of all the coverage options in this easy guide.
There are several severe penalties to make sure you avoid when dealing with Medicare. If you get them, they can stay with you for life.
The costs for Medicare change each year. In this article we break down the costs for Medicare premiums and co-pays.
© 2023 The Medicare Family. All Rights Reserved.
Owned by: ESG Insurance LLC. This website is not connected with the federal government or the federal Medicare program. The purpose of this website is the solicitation of insurance. We do not offer every plan available in your area. Currently we represent 31 organizations which offer 3,740 products. Please contact Medicare.gov or 1-800 MEDICARE or your local State Health Insurance Program to get information on all of your options.
© 2024 The Medicare Family. All Rights Reserved.
Owned by: ESG Insurance LLC. This website is not connected with the federal government or the federal Medicare program. The purpose of this website is the solicitation of insurance. We do not offer every plan available in your area. Currently we represent 31 organizations which offer 3,740 products. Please contact Medicare.gov or 1-800 MEDICARE or your local State Health Insurance Program to get information on all of your options.
© 2024 The Medicare Family. All Rights Reserved.
Owned by: ESG Insurance LLC. This website is not connected with the federal government or the federal Medicare program. The purpose of this website is the solicitation of insurance. We do not offer every plan available in your area. Currently we represent 31 organizations which offer 3,740 products. Please contact Medicare.gov or 1-800 MEDICARE or your local State Health Insurance Program to get information on all of your options.
By entering your email address, you agree to receive emails from The Medicare Family. We respect your privacy and you can unsubscribe anytime.
