Medicare Supplement Plans in Virginia, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments/coinsurances, and excess charges. They provide protection against Original Medicare out-of-pocket costs; without them, your Medicare costs could be very high. Medicare Supplement Plans in Virginia are sold by private insurance companies licensed in Virginia, and like plans in most other US States, they are standardized.
Article Contents
Standardized Medigap Plans
Virginia State Regulations
Virginia Medigap Plans: Vendors and Premiums
Standardized Medigap Plans
There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important.
Medicare Supplement Plans in Virginia: State Medicare Supplement Regulations
Medigap premiums in Virginia are established using the following factors:
- Age
- Zip code (and sometimes a County within the zip code)
- Gender
- Whether or not you are a tobacco user.
Rates are usually higher in urban areas and lower in rural areas. Male rates are typically higher than female rates by 10-15%.
The Virginia law allows Medicare providers to charge more than what Medicare allows – the difference is known as Extra Charges. The Medicare Supplement Plans in Virginia that include Extra Charges (Medicare Supplement Plan F and Medicare Supplement Plan G) are more expensive than plans that do not include them (Medicare Supplement Plan C and Medicare Supplement Plan D).
The Federal Government has no constraint that would force Medigap providers to sell Medicare policies to people under the age of 65 (Medicare due to disability). Virginia has not added any additional requirements; therefore Medicare Supplement plans for people under 65 are not available in Virginia.
Virginia does not have any additional special Guaranteed Issue windows, such as 30-day birthday period. A household discount is allowed in Virginia, and several Medicare Supplement vendors include it. The typical discount is 5 to 7 percent.
To find more about Medicare Supplement Plans in Virginia, read Virginia Medigap Plans (Medicare Supplement Plans).
Medicare Supplement Plans in Virginia: Northern Virginia
Most of Medigap vendors selling policies in Virginia are on the Liberty Medicare list of Medigap carriers. We only deal with highly respected companies. Only two of them have AM Ratings B; the rest has rating A-, A, and A+.
There are some well-known names, such as UnitedHealthcare, Cigna, Aetna, and Omaha Insurance Company. Some of them may have attractive rates in Virginia. But there are also companies that are smaller and less known, and they often provide real Medicare Supplement Plans bargains. Have you heard of the companies such as Transamerica Premier Life, Equitable Life, and Medico? They have high ratings (A+, B and A-) and provide one of the best Medicare Supplement Rates in Virginia. And the premium is the only real difference in the world of standardized Medigap plans.
In the tables below you’ll find the range of premiums for different ages in the Northern Virginia – Fairfax County.
Table 1. The Range of Medigap premiums for Age 65 in Fairfax County, VA
| Medicare Supplement Plans | |||
| Gender | Plan F | Plan G | Plan N |
| Female | $117-$287 | $92-$260 | $80-$206 |
| Male | $126-$330 | $99-$299 | $92-$237 |
Table 2. The Range of Medigap premiums for Age 70 in Fairfax County, VA
| Medicare Supplement Plans | |||
| Gender | Plan F | Plan G | Plan N |
| Female | $124-$295 | $97-$259 | $93-$208 |
| Male | $133-$330 | $104-$299 | $102-$237 |
Table 3. The Range of Medigap premiums for Age 75 in Fairfax County, VA
| Medicare Supplement Plans | |||
| Gender | Plan F | Plan G | Plan N |
| Female | $144-$310 | $113-$280 | $110-$222 |
| Male | $161-$349 | $126-$322 | $124-$256 |
If you live in Virginia, please contact us if you need help selecting and enrolling in Virginia Medicare Supplement Plans. Use our very extensive list of Medigap carriers, and find a reputable vendor with the most affordable rate.
For more information, read Compare Medicare Supplement Plans and How to Choose a Medicare Supplement Plan and Vendor.
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For help finding the best for YOU Medicare Supplement Plan in Virginia, please contact Liberty Medicare or call us at 877-657-7477.
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