In today's video, Marvin from Medicare School is breaking down exactly how VA Benefits work with Medicare, and how if you are a Veteran 65 or older, what Medicare package is right for you, what benefits or opportunities you received as a Veteran with medicare, and exactly how medicare works for those who served in the military.

Marvin will also explain how Medicare works through the VA system for military and veterans and the timeline and steps necessary to sign up for Medicare as a veteran.

For example, through the VA, Military veterans aren't required to take Medicare Part B, but in doing so, you can only add part b medicare in the future during the general enrollment period which is only the first 3 months of the year, and for every 12 months you go without Medicare part b, you'll acquire a 10% penalty on your part b premium once it's added to your medicare package and this is a lifetime penalty, meaning even if you were to wait just one year before adding medicare part b, you'd have to pay the additional 10% fee roughly an extra $33 per month for the rest of your life!

Marvin also discusses Tricare for life and what that means for veterans over the age of 65 and their medicare, who accepts Tricare for life, and what Tricare for life covers!

Lastly, Marvin discusses using a Medicare Advantage plan ONLY, if you're a VA or Tricare, you don't have to have a prescription plan, do inpatient and outpatient only, and rely on the VA or Tricare for life for prescription medicines.

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