Introduction to Medicare Supplement in Virginia (Medigap)

“Medigap” is a kind of Medicare supplement insurance coverage designed to fill the coverage gaps related to Traditional Medicare Parts A & B. Even though Medicare endeavors to be comprehensive, there are some healthcare necessities which it does not cover. And if you don’t have any Medigap insurance to pay for these basics, you could potentially end up having to pay thousands in out-of-pocket healthcare expenses. To be able to get Medigap insurance, you need to first be enrolled in Original Medicare.

Federal Regulations for Medicare Supplements

You will find 10 Medicare supplement plans available for purchase, all of which are managed by the Centers for Medicare and Medicaid Services (CMS). In accordance with the CMS rules, All Medigap plans have to give you exactly the same coverage, no matter the company providing the policy or the state you are in. What does this imply for you? Well, it means that Plan A is just the same across the country. The only points that can change are the overall cost, and the company which offers your policy.

Medigap Enrollment In Virginia

Like so many other states in the Union, Virginia seniors prefer the comprehensiveness and the ease of use of Plan F, as opposed to any other available Medigap supplement. The next most popular supplement, Plan C, has less than a tenth of the members which Plan F has.

Plan Type A B C D E F G H I J K L M N
Enrollment 3,337 5,215 13,472 2,541 2,719 184,942 8,588 1,060 7,984 31,597 605 1,401 11 7,135

Plan Coverage & Cost

The cost for a Medigap supplement can vary depending on countless personal variables that are unique to you personally, along with your life circumstances. Age, location, tobacco use, exercise habits, your health history, and gender are simply a few. Normally, though, retirees close to you are paying the following premiums for their Medigap policies:

Most Popular Medicare Supplement Plans in Virginia

Plan F is the most popular in Virginia, as it is in most other states, because of how comprehensive it is. It covers every single gap in Original Medicare (Parts A and B), so that you don’t have to worry about being charged extra for medical care. And all you have to do in order to get this coverage is pay one simple, monthly premium.

However, because Plan F is the most expensive, some seniors find that they can save money choosing a different plan. Plan G, for example, could save you money over Plan F if your Part B deductible is fairly low. Plan C could also save you money over plan F if you happen to belong to a network of doctors and hospitals who don’t charge in excess of Medicare Part B prices for treatment and care. It all depends on your personal circumstances.

Helpful Medigap Tips & Tricks

Doctor/Provider Network Restrictions

Medigap plans are probably the most versatile options when it comes to supplementing your Medicare. Other sorts of coverage (Like Medicare Advantage) typically include limited provider networks, which means you can’t simply select what physicians you would like to see – your plan does that for you. Having said that, this may be difficult and costly if you reside far away from a major city, travel often, or own a summer home in another state. Though with a Medicare Supplement in Virginia, you won’t need to worry about these restrictions. You can visit any doctor or pay a visit to any care center that also accepts Medicare.

Doctors List

Drug, Vision and Dental Coverage

Sadly, neither dental nor vision care is covered by Medicare or Medigap. Until the laws change, you need to obtain vision & dental insurance from a private company on your own, or pay out of pocket. Prescription drugs, however, are a different story. Medigap used to supply prescription drug coverage until eventually Medicare Part D came along. Given that Part D is giving that service for seniors, it is no longer necessary for Medigap plans to give such benefits.

Enrollment Options & Best Time To Enroll

There are numerous ways to subscribe to a policy for Medicare Supplement in Virginia. However, take into account that they all ask you to register for Medicare first. For those who enroll at the right time, simply being a Medicare beneficiary allows you to buy Medicare Supplement in Virginia no strings attached. Other businesses may restrict you if you enroll later or if you have persistent health conditions.

  • Initial Enrollment Period: Enroll during the same window that you are eligible to enroll in Medicare, and you will be automatically accepted without hassle
  • Guaranteed Issue: You will be immediately approved, regardless of your health status. This type of enrollment happens usually when you find yourself losing an employer or group health plan and find yourself in abrupt need for alternative coverage.
  • Annual Enrollment Period (AEP): The AEP actually relates to numerous insurance plans. Medigap enrollment is not restricted by AEP rules.
  • Underwritten: The process by which a company asks you questions and maybe runs medical tests in order to decide if they might or might not offer you coverage.

Free Look Period

In order to make the purchasing experience easy and hassle-free, all golden-agers have 30 days after purchasing a new Medicare Supplement in Virginia to determine whether they wish to keep it. In the event you determine inside of those 30 days that you are not happy with your plan, you may cancel your plan for a full refund.

What Medigap Plan Is Best For Me?

Compare Medigap Plans Online