VETECARE - Unlocking Better Access to Prescription Drugs
Combining VA Benefits with Medicare Advantage

Author: Advocate Health Advisors

As a Veteran eligible for Medicare, you have earned a range of benefits through your service to the nation. Navigating the healthcare landscape can be complex, but there's good news: pairing your VA benefits with Medicare Advantage can offer you a comprehensive solution, particularly when it comes to accessing prescription drugs. Let us discover how this combination can enhance your healthcare experience.

VETECARE - Enhancing Coverage with Medicare Advantage Medicare Advantage (MA) plans, also known as Medicare Part C, provide an alternative way to receive your Medicare benefits through private insurance companies approved by Medicare. These plans often offer additional benefits beyond Original Medicare, such as vision, dental, hearing, and most importantly for our discussion, prescription drug coverage.

By enrolling in a Medicare Advantage plan, you can complement your VA benefits with a broader range of coverage, including prescription drugs. This means you can access medications not covered by the VA, fill prescriptions at a wider network of pharmacies, and potentially save money on your out-of-pocket expenses.

VETECARE - The Power of Dual Coverage
Opting for both VA benefits and Medicare Advantage creates a powerful combination, often referred to as "dual coverage." This approach allows you to maximize your healthcare options and minimize any coverage gaps.

Here is how it works:

1. Expanded Prescription Drug Coverage: Medicare Advantage plans typically offer a formulary of covered drugs, which may include medications not available through the VA. By having dual coverage, you can access a broader range of prescription drugs prescribed by your healthcare providers, whether they are affiliated with the VA or not.
2. Choice and Flexibility: While the VA provides excellent care, its facilities may not always be conveniently located for every veteran. With Medicare Advantage, you have the flexibility to seek care from a broader network of providers, including specialists and hospitals in your local community.
3. Cost Savings: Depending on your specific healthcare needs, enrolling in Medicare Advantage could potentially lower your out-of-pocket costs, especially for prescription drugs. Many Medicare Advantage plans offer competitive premiums, copayments, and coinsurance rates, helping you manage your healthcare expenses more effectively.
4. Integrated Care Management: Some Medicare Advantage plans offer coordinated care programs that help streamline your healthcare experience. These programs often include services like care coordination, chronic disease management, and wellness initiatives, ensuring you receive comprehensive support tailored to your needs.

VETECARE - How to Get Started
If you are a Veteran eligible for Medicare, exploring your options for combining VA benefits with Medicare Advantage is a smart move. Here is what you can do to get started:

1. Review Your Current Coverage with a Local and Licensed Agent: Take stock of your current healthcare benefits, including any VA coverage you receive. Make note of the medications you are currently prescribed and any limitations in your coverage.
2. Research Medicare Advantage Plans: Explore the Medicare Advantage plans available in your area. Look for plans that offer robust prescription drug coverage and additional benefits that align with your healthcare needs.
3. Compare Costs and Coverage: Evaluate the premiums, copayments, deductibles, and out-of- pocket limits associated with each Medicare Advantage plan. Consider how these costs align with your budget and healthcare priorities.
4. Enroll During Open Enrollment: Medicare's Annual Enrollment Period, which typically runs from October 15th to December 7th each year, is your opportunity to enroll in or switch Medicare Advantage plans. Be sure to mark your calendar and make any changes necessary to optimize your coverage.

Conclusion
As a Veteran eligible for Medicare, you have access to a range of healthcare benefits designed to support your well-being. By combining your VA benefits with Medicare Advantage, you can unlock enhanced access to prescription drugs, expanded healthcare options, and potential cost savings. Take the time to explore your options and find the coverage that best meets your needs – your health deserves nothing less.