The Best Medicare Supplement Plans in Virginia 2024
The “Mother of States,” Virginia, is a popular retirement destination for seniors.
There’s amazing scenery to admire, clean air, and a low cost of living, making it an ideal choice for retirees.
Prudent financial planning is necessary for any senior who wants to avoid calamity in their golden years.
Medicare Parts A & B give you a way to manage your healthcare expenses as you age.
However, these policies only cover up to 80% of your medical and hospitalization costs.
You could have to dip into your retirement savings to cover the 20% balance.
Medicare supplement policies, also known as “Medigap,” can assist with covering the shortfalls in Original Medicare.
There are ten plans, each offering a different level of coverage for the premiums you pay.
Some are better than others, so, which are the best Medicare supplement plans in Virginia, and what do they cost?
The average cost of a Medigap plan in Virginia is $112 per month for 65-year-olds, but this price point can vary depending on the type of plan you choose and the provider you use.
This post gives you all the information you need to choose the right plan for your healthcare needs and the provider offering the lowest premiums.
Use Us to Find the Best Medicare Supplement Plans in Virginia
Our team of Medigap experts offers you a free consultation and quote on any Medigap policy.
Call us at 1-888-891-0229 or leave your details on our contact form on this site.
We’ll get in touch with you to discuss your Medigap requirements, giving you professional advice you can trust.
The Best Healthcare Insurer for Medicare Supplement Plans in Virginia
Medigap policies are available from the following top-rated healthcare insurers in Virginia.
- Aetna
- Liberty Bankers
- AFSLIC
- Anthem
- Atlantic Coast Life
- Bankers Fidelity
- Central States Health and Life Co. of Omaha
- Cigna
It’s a mixed bag for the lowest premiums for the most-popular Medigap plans, Plans F, G, and N. Here are our findings for the best options for a 65-year-old female nonsmoker in the state.
- Best Plan G – Anthem Blue Cross and Blue Shield
- Best Plan F – Cigna Medicare
- Best Plan N – Aetna Medicare
The Best Provider for Medicare Supplement Plan G in Virginia – Aetna
Medicare Plan G is the most popular choice for Medigap Plans after the removal of Plan F for new Medicare members eligible for Parts A & B after January 1, 2020.
Virginia has 34 insurers offering Medigap Plan G in the state, with the average industry pricing for Plan G premiums being $134.80 per month.
A 65-year-old nonsmoking woman will pay approximately $91.10 monthly for a Plan G premium with Aetna.
Cigna has the most expensive option, with the same person paying roughly $141.60 per month for Plan G, a difference of $50 per month.
The top four providers of Plan G in Virginia offer a policy at the following rates for a 65-year-old female nonsmoker.
- Aetna: $91
- Anthem: $118
- UnitedHealthcare: $128
- Cigna: $142
Aetna also offers the high-deductible Plan G for policyholders.
The HD version increases your annual Part A deductible to $2,700 from $1,600, but you pay a much lower premium while retaining all the benefits of Plan G in a medical emergency.
The average cost of HD Plan G from Aetna in Virginia is $48 per month.
What Does Plan G Cover?
Plan G offers the most comprehensive coverage of all Medigap policies for seniors eligible for Medicare after January 1, 2020.
The only thing it doesn’t cover that Plan F does is the annual Part B deductible of $226.
However, you get a saving on your monthly premium compared to Plan G, and that accounts for the extra costs of paying the Part B deductible.
You can expect the following standardized benefits with Plan G.
- Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up.
- Part B coinsurance or copayments.
- Blood (first 3 pints).
- Part A hospice care coinsurance or copayments.
- Skilled nursing facility care coinsurance.
- Part A deductible.
- Part B excess charges.
Most providers offer add-on packages providing discounts or coverage for hearing, dental, and vision services.
Also, check the discounts from each provider, some offer more than others.
The Best Provider for Medicare Supplement Plan N in Virginia – Aetna
Medigap Plan N is another popular option for seniors in Virginia. There are 32 insurers offering Plan N, with Aetna being the most affordable at $96.29 per month.
That’s far below the average industry pricing of $109.20 and a saving of $13.91 off the average rate.
Anthem is the most expensive provider in Virginia, with a $114 monthly premium, making it $17.70 more expensive than Aetna.
Here are the costs of a Plan N policy from the leading insurers in Virginia. Prices are based on a 65-year-old female nonsmoker.
- Aetna: $96
- Cigna: $103
- UnitedHealthcare: $110
- Anthem: $114
What Does Plan N Cover?
Plan N isn’t as comprehensive as Plan G, but you get good coverage for medical emergencies and a lower monthly premium.
Plan N requires you to make a copayment of $50 at the emergency room if you aren’t admitted into the hospital and a $20 copayment for seeing the doctor.
Plan N also doesn’t cover excess charges.
You’ll have to pay the excess if you see a doctor charging more than the Medicare-approved rate.
However, you can circumvent these charges by using doctors and specialists charging Medicare Assignment rates for consultations.
Plan N offers you the following benefits.
- Part A coinsurance and hospital costs up to an additional year after Medicare benefits are used up
- Part B coinsurance or copayment
- Blood (first 3 pints)
- Part A hospice care coinsurance or copayments.
- Skilled nursing facility care coinsurance.
- Part A deductible.
- 80% of foreign travel exchange (up to plan limits).
What are the Best Alternate Medicare Supplement Plans in Virginia?
Plan F, G, And N are Virginia’s most popular Medigap options.
However, we looked at the average rates from providers to find the best rates for Medigap Plan A, B, C, K, or L in the state.
- Plan A – UnitedHealthcare: $96.99
- Plan B – UnitedHealthcare: $132.06
- Plan C – UnitedHealthcare: $293.97
- Plan F – Cigna: $118.00
Frequently Asked Questions
What are Medicare Supplement Plans in Virginia?
Medicare Supplement Plans, or Medigap plans, are private insurance policies that cover gaps in Medicare coverage, like deductibles and copayments.
How do Medicare Supplement Plans work in Virginia?
Medicare Supplement Plans work alongside Original Medicare, helping to pay for out-of-pocket costs that Medicare doesn’t cover.
Can I get a Medicare Supplement Plan in Virginia with a pre-existing condition?
During the Medicare Supplement Open Enrollment Period, insurers in Virginia must offer plans regardless of pre-existing conditions.
How many Medicare Supplement Plans are available in Virginia?
Virginia offers 10 standardized Medicare Supplement Plans labeled A, B, C, D, F, G, K, L, M, and N.
Which is the best Medicare Supplement Plan in Virginia?
The best Medicare Supplement Plan in Virginia depends on individual needs, but popular choices include Plan F and Plan G.
How much do Medicare Supplement Plans cost in Virginia?
Costs vary based on factors like age, location, gender, and the chosen plan. Comparing prices from different insurers is important.
Can I change my Medicare Supplement Plan in Virginia?
Yes, you can change your Medicare Supplement Plan in Virginia at any time, but medical underwriting may apply.
Do Medicare Supplement Plans in Virginia cover prescription drugs?
No, Medicare Supplement Plans in Virginia don’t cover prescription drugs. A standalone Medicare Part D plan is needed for drug coverage.
Can I use my Medicare Supplement Plan outside Virginia?
Yes, Medicare Supplement Plans provide nationwide coverage, allowing you to use them outside of Virginia.
When should I apply for a Medicare Supplement Plan in Virginia?
Apply during the Medigap Open Enrollment Period, which starts when you turn 65 and are enrolled in Medicare Part B.
Medicare Supplement Plans Virginia - How to Apply
The easiest way to get started is to call us today at 1-888-891-0229.
We’ll answer all of your questions and help you find the right Medicare plan. Or you can use our FREE quote engine to begin shopping today!
Updated December 4th, 2022