Optimizing Medicare for Military Veterans and Retirees

Key Takeaways

• Enroll in VA health benefits early even if you don't think you need them immediately—waiting until you have an illness creates additional hurdles and may cost you more out of pocket
• TriCare for Life is premium-free and becomes your supplemental plan once you turn 65 and enroll in Medicare Parts A and B; it covers services Medicare doesn't, including some dental and vision benefits
• If prescription drug costs are high under TriCare for Life, explore VA prescription coverage which is often more cost-effective through the VA fulfillment system
• Annual Medicare enrollment (October 15–December 7) is a good time to review your entire military health coverage and check if you're getting the best deal on TriCare, TriCare for Life, and VA benefits
• If you left military employment after age 65, you may still qualify for TriCare for Life through a special enrollment period—contact TriCare directly at their 800 number for guidance