How will your VA health benefits work with your Medicare prescription drug coverage?:QuickMedicareSupplement.com

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How will your VA health benefits work with your Medicare prescription drug coverage?

How will your VA health benefits work with your Medicare prescription drug coverage?

If you get VA health benefits, your coverage will not change. If you make your mind up that VA drug coverage meets your requirements, you can prefer not to join a Medicare drug plan. You can keep your present coverage.

It will more or less always be to your advantage to keep your existing coverage without making any alterations. An exception is, if you qualify for Medicare's additional help. You may benefit by applying for the further help.

VA prescription drug coverage is considered creditable drug coverage, which means it is at least as good as Medicare drug coverage. If you make your mind up that you want to join a Medicare drug plan after you are first qualified, you won't have to pay a late enrollment penalty, if you join within 63 days of unwillingly losing your VA coverage. If you don't lose your coverage and you want to join a Medicare drug plan, you must wait for a suitable enrollment period. You will not have to pay a late enrollment penalty.

If you have VA coverage and you choose to remove your enrollment from your Medicare drug plan, you get a special enrollment period to do so.

You should speak to your local VA facility prior to making any changes to your drug coverage.

ADDITIONAL INFORMATION:

Based on your prescription drug needs, you may choose to have both VA and Medicare drug coverage.

If you are planning of joining a Medicare drug plan and you have VA benefits, you should consider:

Where you live:

You may benefit from Medicare drug coverage if you are in a nursing home that does not let you use your current VA drug advantages. You could also need Medicare drug coverage if you live far from a VA facility.

Where you want to fill your prescriptions:

In most cases, with VA drug coverage, you must get your drugs from a VA pharmacy in person or by mail. If you'd to a certain extent get your prescriptions from local retail pharmacies, you may want to consider a Medicare drug plan.

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