A Closer Look at Medicare Advantage for Veterans
As a veteran who is eligible for Medicare, you may be familiar with the VA Healthcare System. But did you know that there is another option available to veterans? Medicare Advantage Plans provide extra benefits and savings that can make them an attractive choice for those who have served our country. Let’s take a closer look at these plans and what they can offer.
What Is a Medicare Advantage Plan?
A Medicare Advantage Plan, or Part C plan, takes the place of Original Medicare (Parts A & B). It includes all the benefits of Parts A & B, as well as additional coverage such as vision and dental care, hearing aids, over-the-counter products, and more. You will also have access to a network of providers that accept your plan.
Part B Premium Reduction
One of the most sought after benefits of a Medicare Advantage Plan is the Part B premium reduction – which is available to veterans who are enrolled in one of these plans. This premium reduction can save you up to $164.90 each month! That alone makes these plans very attractive to seniors who happened to have served our country.
In addition to this premium reduction, some plans may offer additional incentives like lower co-pays or co-insurance when using in-network providers. There are even some plans that include prescription drug coverage (Part D) in their package – so you don’t need to purchase a separate drug plan if you enroll in one of these plans.
Things to Consider Before Enrolling
Before enrolling in any health plan it’s important to consider all your options and make sure it’s the right fit for you. Make sure you understand what services are covered under your plan; what type of provider network it has; whether you need prescription drug coverage; and how much it will cost each month (premiums plus any out-of-pocket costs). Also keep in mind that if you choose a Medicare Advantage Plan, you will no longer be able to use the VA Healthcare System for routine medical care – unless there is an emergency situation or if it is otherwise medically necessary.
Medicare Advantage Plans can provide valuable extra benefits and savings for eligible veterans – with potential savings up to $164.90 per month on Part B premiums alone! Before enrolling in any health plan though, it’s important to do your research and make sure it’s the right fit for your individual needs and budget. If you decide that a Part C Plan is right for you – then go ahead and take advantage of all those extra benefits reserved especially for those who served our country!