Best Medicare Supplement Plans in Virginia

There are ten Medicare Supplement plans in Virginia that work with Original Medicare to cover medical expenses like copayments, coinsurance, and excess charges.

• Of the ten plans offered, Mutual of Omaha's Plan G is the best choice, offering comprehensive benefits for a monthly premium of $103.84.
• If you're looking for an affordable insurance option that doesn't skimp on quality, Mutual of Omaha's Plan N is a valuable choice for $78.68 monthly.
• If you're looking for the lowest possible premium, Mutual of Omaha Offers a High Deductible Plan G which has a monthly cost of $37.74 This plan provides access to the same benefits as Plan G once you meet the annual deductible of $2,700.

Below are some brief highlights of what each plan covers.

What's the Best Medicare Supplement Company in Virginia?

Based on our review of several key factors, Mutual of Omaha is the best Medicare Supplement company in Virginia.

While Mutual of Omaha Medigap plans tend to be more affordable in Virginia, it's not the only factor when selecting the best Medicare Supplement company. For example, depending on your plan letter of choice, one provider might offer Plan N at a lower cost but may be pricier for Plan G; every insurer has its own set of advantages and drawbacks depending on their levels of coverage. For this reason, Mutual of Omaha remains our top selection during the review process due to its affordability, expansive range of plan choices, household premium discounts, and high customer satisfaction rates.

This chart compares different Medicare Supplement companies to Mutual of Omaha that are also available in Virginia, including sample premiums, ratings, and market share:

For illustrative purposes only: The premiums listed are for a 65-year-old female, non-smoker from a local zip code. Many insurance companies offer household discounts - eligibility for premium discounts can be determined when enrolling in a plan. The AM Best rating determines the financial rating of each carrier. No warranties or guarantees of any kind have been expressed.

How Much Does a Medigap Plan Cost in Virginia?

The best price for Medicare Supplement Plan G in Virginia is $103.84 per month with Mutual Of Omaha.

Your age and plan choice will have the most significant impact on your premium.

Here you can see how the prices compare for several different plans:

When Can I Apply for a Medicare Supplement Plan?

Timing is critical to get the lowest rates for your Medigap plan in Virginia.

Virginia beneficiaries have the following options when enhancing their Medicare benefits with a Medicare Supplement plan:

1. Medigap Open Enrollment Period

• It lasts for six months after you enroll in Medicare Part A and Medicare Part B and are at least 65 years old.
• Guaranteed issue rights prevent the Medicare insurance company from refusing you coverage or increasing your rates due to pre-existing conditions.

2. Special Enrollment Periods

• Unique access to Medigap insurance enrollment with unlimited plan options.
• Guaranteed issue rights prevent private insurance companies from using medical underwriting to determine rates.
• Guaranteed acceptance into any of the Medigap policies available in your zip code.

3. On-Demand Enrollment

If your open enrollment period has passed and you don't qualify for special enrollment, you can still apply without guaranteed issue rights. That means the insurer will use medical underwriting to determine your monthly premium and may deny you coverage for any reason.

FAQ:

When Can I Change Medigap Plans?

It's essential to compare Medicare coverage with all Virginia Medigap plans before enrolling because you may not have an opportunity to change plans. Medicare Supplement plans automatically renew yearly, and there is no open period to make changes.

The insurance company will use medical underwriting if you want to switch plans outside your open enrollment period. However, if you want to change plans and your open enrollment period is still available, you can make the change without penalty.

Follow these steps if you want to change Medigap plans in Virginia outside of the open enrollment period:

• Apply for the new insurance policy to see if they offer you the desired plan.
• You can afford to pay for your first month of coverage if accepted to the new plan with a monthly premium.
• You can pay for your old plan one more month to secure your 30-day "free-look" period, which allows you to consider a new one without giving up your old one.
• If you want to keep the new plan, notify your old insurance provider and request that your senior coverage end.

If you give your old plan up immediately, you cannot go back to it without re-applying and going through medical underwriting. You could have higher rates due to your current health or pre-existing conditions. It's worth paying for both plans for one month to secure that free-look period.

Can I Be Denied Medigap Coverage?

Your guaranteed issue rights ensure your enrollment in the plan of your choice as long as you apply within your open enrollment period or a special enrollment period. If you apply any other time, the insurer has the right to deny coverage

Ready to Learn More?

We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with some of the nation's top-rated Medigap carriers. So give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state.