Q. My husband is a veteran and just lately retired from his job. Being a veteran, all his medical care is offered by the VA. However in response to Social Security, he needed to enroll into Medicare Half B to keep away from penalties and he now pays $140 monthly for the protection. Why, if he’s coated by VA advantages, does the federal government insist that he pay for a protection he does not likely want?
A. We all know well being care prices actually add up, but it surely’s about ensuring your husband has all of the protection he wants.
Having each VA advantages and Medicare supplies extra protection and extra versatile choices for healthcare and prescribed drugs.
However Medicare will not be required to obtain VA advantages, mentioned Martisha Patterson, a licensed monetary planner with Peapack Personal Wealth Administration in Morristown.
She mentioned the 2 packages don’t work collectively.
“For instance, VA advantages is not going to pay deductibles, copayments, or coinsurance for Medicare associated bills,” Patterson mentioned. “If the VA authorizes providers in a non-VA hospital, however doesn’t pay for all of the providers administered in the course of the hospital keep, Medicare might pay for Medicare-covered providers the VA doesn’t pay for.”
Normally, she mentioned, the VA profit solely covers healthcare offered throughout the VA well being system.
“Solely remedy allotted from VA pharmacies and amenities will probably be coated by the VA drug protection program,” she mentioned. “Medicare Half D is on the market, at extra prices, to cowl different medicines, nonetheless, Medicare Half B is required to enroll in Medicare Half D.”
Medicare would solely cowl care at a Medicare-certified facility that works with Medicare protection, she mentioned.
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Karin Value Mueller writes the Bamboozled column for NJ Advance Media and is the founding father of NJMoneyHelp.com. Observe NJMoneyHelp on Twitter @NJMoneyHelp. Discover NJMoneyHelp on Fb. Join NJMoneyHelp.com’s weekly e-newsletter.