()The Annual Election Period for Medicare Advantage and Prescription drug Plans (AEP) is crucial for military veterans on Medicare. To ensure that you choose the best health plan for your needs (medical equipment, prescription drugs, etc.) within your budget, you will need to evaluate your current health coverage. This process runs from Oct. 15 through Dec. 7. Let’s clarify four common misconceptions regarding veterans and Medicare.

Myth #1 – I don’t need Medicare because my VA health coverage covers me.

As it could help to ensure that you have the right coverage, enrolling in Medicare Advantage plans may be a good way to supplement VA benefits. Medicare and VA health care benefits are distinct and do not interact. Medicare Advantage plans may offer additional services and locations to veterans who are eligible. Prescription-drug coverage is also available.

Myth #2 – Medicare’s various parts are identical.

Medicare options are varied. Medicare Part A covers skilled nursing-home and inpatient hospitals, as well limited home services and hospice. Medicare Part A covers outpatient care, home care, durable medical equipment, and services provided by doctors or other health-care providers. Medicare Part C, also known as Medicare Advantage, covers all benefits under Part A, B, and may also cover additional benefits, such as a gym membership, a nurse hotline, and coverage for vision, hearing, and dental. Medicare Part D also covers prescription drugs.

Myth #3 – There are no savings on health-care plans.

There are many ways to save money on Medicare plans. Consider the total cost of your Medicare plan and your budget for the next year.

Myth #4 – I’m all by myself.

A licensed insurance agent with Medicare expertise can help to select the right coverage for you. They will be able to help you determine which coverage is best for you.

To make an informed decision for next year, use online resources and call centres.

For more information on Medicare, please call 1-800-MEDICARE (1-833-4227) or TTY 1-877-486-2048. Available 24 hours a/7. Visit www.medicare.com www.Medicare.govOr www.HumanaMedicare.com.

Humana is a Medicare Advantage HMO/POO, PFFS and PFFS organisation. Also, it offers a standalone prescription drug plan and a Medicare contract. Contract renewal is required to enroll in any Humana Medicare plan. Y0040_GHHKBK2EN_C