Medicare Supplement Plans in Virginia

If you are looking for the best Medicare Supplement insurance plan in Virginia, you have ten plans from which you can choose. You must be enrolled in Medicare Part A and Medicare Part B to qualify. 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.

Each Virginia Medicare Supplement plan offers a different level of coverage to help with healthcare costs, from paying coinsurance and copayments not covered under Original Medicare insurance to paying Medicare Part B deductibles and medical expenses incurred while traveling abroad.

Medicare Supplement Insurance Plan options in Virginia

Medicare Supplement Plan F

Medigap Plan F in Virginia, available as a standard and high deductible plan, is the most popular of the Medicare Supplement plan options.

  • Medicare Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Excess charges for Medicare Part B
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care

Medicare Supplement Plan G

Another plan that offers a lot of coverage and reduces out-of-pocket costs is Medigap Plan G. It has the second most robust benefits, behind only Plan F. It’s a cheaper Medicare plan that offers great coverage.

  • Does NOT cover Medicare Part B deductible

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 offers more benefits than Plan A but not as much as Plan G or Plan F. It’s an affordable plan for most but does require some cost-sharing.

  • Does NOT cover Part B Deductible
  • Does NOT cover Excess Charges for Part B
  • Requires $20 copay for office visits
  • Requires $50 copay for emergency room visits

High-Deductible Medicare Plan G

  • Same benefits as original Plan G
  • In 2022, the deductible is $2,490. Once you satisfy this deductible, the plan will cover 100% of the costs.
  • Significantly lower monthly premiums than original Plan G

Virginia Medigap enrollment by plan:

•  Plan F 223,307

•  Plan G 149,844

•  Plan N 32,617

•  Plan C 5,564

•   Plan B 2,057

Because each lettered Medigap policy offers different benefits and rates for premiums, it is important to compare them to find the best Medicare Supplement plan in Virginia that meets your needs.

Top Medicare Supplement Insurance Companies in Virginia

Following are private insurance companies selling Medigap policies in Virginia. This list includes A.M. Best ratings for financial strength:

Medicare Supplement Insurance Cost in Virginia Cost

Here are sample rates for a 65-year-old nonsmoking female living in Loudoun County, zip code 20101. The average monthly cost using this sample is about $109 for 2022.

65-Year Old Female Non-TobaccoPlan TypePremium RangePlan F$142.00 – $253.00Plan G$98.89 – $148.34Plan N$142.00 – $253.00

How do I Enroll in a Medicare Supplement Plan?

Unlike Medicare Advantage and Medicare Part D plans, there are no annual enrollment periods. 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

Ready to learn more?

My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the plan selection process. In addition, we work closely with some of the nation’s top-rated carriers. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.

State Medicare Resources

ttp://www.scc.virginia.gov/boi/pubs/02110.pdf

https://www.vda.virginia.gov/vicap.htm
https://www.scc.virginia.gov/boi/pubs/medsupcos.pdf
https://www.scc.virginia.gov/boi/pubs/medsup_txt.pdf

http://www.medicare.gov

Virginia enrollment statistics

The population of Virginia is more than 8,365,952 people. Of the 95 counties in Virginia, the five with the highest population are:

•  Fairfax: 1,142,004

•  Prince William:  450,763

•  Loudon: 374,558

•  Chesterfield: 335,594

•  Henrico:  324,073

Approximately 13 percent of the population is 65 years and older. More than 1,181,212 Virginians were enrolled in Medicare Part A and Part B at the end of 2018. Approximately 85 percent were enrolled because of age and 15 percent because of disabilities. Virginia ranks 13th nationwide in the amount of Medicare spending by state, at $12,686 million. It ranks 33rd in the amount they spent per beneficiary, at $9,677.

More than 443,668 people are enrolled in Medicare Supplement insurance plans in Virginia, or approximately 28 percent of all Medicare beneficiaries.

Key Take Aways

  • There is no deductible for Medigap Plan G.
  • In Virginia, more than 43,581 are enrolled in Medigap Plan G in 2022.
  • Medigap Plans do not use a network; go wherever Original Medicare is excepted.