Best Medicare Supplement Plans in Virginia
In Virginia, you have ten Medicare Supplement plans to choose from. Each of the ten plans is standardized, meaning that no matter which insurance company you purchase from or where you might live — from Richmond to Norfolk and elsewhere in the United States — you get the same coverage.
However, rates are set by each company.
Of the ten plans, Medicare Supplement Plan G is the best plan overall in Virginia.
Aetna offers the best rates on Plan G in Virginia at $143 per month.
Medicare Supplement Plan N comes in at a close second place. We also found the best rates with Aetna at $106 monthly for Plan N.
What Do Medicare Supplement Plans Cover?
Below is a list of the top four plans with coverage highlights:
Best Overall Value: Medicare Supplement Plan G
- Medigap Plan G has the second most robust benefits, behind only Plan F. It’s a cheaper Medicare plan that offers excellent coverage.
- Does NOT cover Medicare Part B deductible
Best Value: Medicare Supplement Plan N
- You may want a plan with a cheaper monthly premium, but you might not feel like a base-level plan like Plan A will offer enough coverage. Medigap Plan N is a great compromise.
- It provides more benefits than Plan A but not as much as Plan G or Plan F. It’s affordable for most but requires some cost-sharing.
- It does NOT cover Part B Deductible.
- It does NOT cover Excess Charges for Part B
- Requires a $20 copay for office visits
- Requires a $50 copay for emergency room visits
Best Low-Cost Plan: High-Deductible Medicare Plan G
- High Deductible Plan G Same benefits as the original Plan G
- In 2023, the deductible is $2,700. Once you satisfy this deductible, the plan will cover 100% of the costs.
- Significantly lower monthly premiums than the original Plan G
Medicare Supplement Plan F
- Plan F has the most comprehensive benefit level; however, the beneficiary must have a Medicare start date before 1/1/20.
What’s the Most Popular Medicare Supplement Company in Virginia?
Based on our review of several key factors, Aetna is Virginia’s top Medicare Supplement company.
Although Aetna Medigap plans may provide some of the most affordable options in Virginia, cost should not be the only factor when selecting a Medicare Supplement provider. Every company has its unique pros and cons based on its coverage methods.
Aetna stands out among the competition due to its cost-effectiveness, numerous plan options, household discounts on premiums, and excellent customer satisfaction ratings.
This chart compares Aetna with other Medicare Supplement companies in Virginia. You’ll find helpful information here, like sample premiums and ratings.
| Plan G Cost | Company | Financial Strength |
|---|---|---|
| $143 | Aetna | A |
| $151 | Mutual of Omaha | A+ |
| $160 | Cigna | A |
| Plan N Cost | Company | Financial Strength |
|---|---|---|
| $106 | Aetna | A |
| $109 | Cigna | A |
| $111 | Mutual of Omaha | A+ |
How Do I Enroll in a Medicare Supplement Plan?
Apply for Medicare Supplement insurance plans during your Medigap Open Enrollment Period, which is:
- The six-month period starts with the first day of your birthday month when you turn 65 or older AND
- Your enrollment in Medicare Part B
After your Medigap Open Enrollment Period, an insurer can decline your application or charge a higher premium for your insurance policy.
Guaranteed Issue Rights
When you have guaranteed issue rights, the Medicare insurance company is required to:
- Offer you a Medigap policy
- Cover pre-existing conditions
- Refrain from charging you more because you have a health condition
How to Choose a Medigap Plan in Virginia
As you compare plans available in your area, consider these factors:
Monthly premium: This is paid in addition to your Part B monthly premium. It is a set amount you pay each month, regardless of whether or not you use your benefits. The premium costs are determined based on several factors, such as the type of plan selected, age, gender, tobacco use, and state of residence.
Plan options: With every type of plan, you are offered basic coverage for Part A copays and coinsurance, at least a portion of the Part B copays and coinsurance, three pints of blood, and hospice care. However, other benefits may not be included. Check which benefits are most important to you before finalizing your purchase.
Insurance provider: Always check the ratings and reviews to understand other people’s experiences when looking for a carrier. You can also contact a company representative to discuss their customer service levels and responsiveness.
Extra discounts: Some insurance companies offer additional benefits or discounts once you become a member. For example, you may have access to discounted hearing aid providers or eyeglass suppliers.
Frequently Asked Questions:
Aetna and Cigna are two of the most well-known and respected options. Both offer a variety of plans designed to meet the needs of individual customers.
Medicare Supplement plans range in price from $51 – $300 per month, depending on the level of coverage desired.
The best Medicare Supplement plan in Virginia is Plan G. It can help cover costs for hospitalization, medical services, and even prescription drug coverage.
Premiums can range from $143 – $300 per month. The cost of Plan G in Virginia will depend on the carrier and the specific policy you choose.
Next Steps
We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you’re getting the best possible service. Review our Medicare Supplement Plans Comparison Chart and look deeper at the plans. Additionally, you can call us today to learn more or request a quote online.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- Virginia Insurance Counseling and Assistance Program
- Virginia Medigap Guide
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
