Virginia Medicare Supplement Plans

There are more than 7.7 million people living in Virginia (2008 US Census Bureau estimate) and 12.1% of the residents are over 65 years of age. This gives the Old Dominion State a slightly smaller percentage than the national average of 12.8% of US residents over 65.  If you are a member of this growing population group and are enrolled in Social Security you are probably already enrolled in Medicare.  What you need to know is that Standard Medicare Insurance does not cover all your health care expenses.

Virginia Medicare Supplement Insurance Plans, also known as Virginia Medigap Insurance is private health Insurance that is designed to supplement Standard Medicare Insurance. The Medicare Modernization Act (MMA) encouraged the National Association of Insurance Commissioners (NAIC) to modernize the Medigap insurance marketplace. NAIC developed a revised set of Medigap Insurance Plans.

These changes become effective from June 2010 and will delete some existing plans and add others.  Virginia offers all the standardized plans and they will be the same plans as offered in most other states.

Virginia Medicare Supplement Insurance Plans are Standardized

Since Virginia Medicare Supplement Insurance Plans are standardized, you will get the same coverage for the same plan with any insurance company you choose.  If you get the Mutual of Omaha Plan N it provides the same coverage as a Blue Cross Blue Shield Plan N, Humana Plan N or any other company that offers Medigap coverage. As long as you choose the same plan, the only difference will be the cost, and this difference can be substantial.  You can pay three times as much for the same coverage if you aren’t careful.

Insurance companies servicing Virginia are not required to offer all the available Medigap plans. Some offer only a few. This makes it critically important for you to look at multiple Medicare Supplement Insurance Companies to find the best price possible for the exact same coverage.  Here is an overview of the various Plans available to Virginia residents:

                 Medicare Supplement Plans/Rates, Just A Click Away

                                                                       OR

                           Call Now for Medigap Supplement Insurance Quotes

                                                              888.502.5553

Help with Choosing the Right Medigap Plan

Virginia Insurance Counseling and Assistance Program (VICAP)
VICAP is available to provide insurance counseling, free of charge, to individuals over age 60 and their families. The program provides assistance in making decisions about Medicare, Medigap insurance, Medicare Advantage (Part C), Medicaid, medical bills and long-term care insurance. You may obtain additional information about this program by calling the Virginia Department for the Aging at 804-662-9333 begin_of_the_skype_highlighting              804-662-9333      end_of_the_skype_highlighting or 1-800-552-3402, or you can visit their website at www.vda.virginia.gov.

The Virginia Bureau of Insurance provides premium figures for more than 30 companies approved for Medicare insurance in the state in order to give residents an idea of the range of premiums normally charged for Medigap policies. From their website:

“These figures should only be used as general guidance in comparing plans and policies. Telephone numbers have been provided so that you can contact companies directly for more specific information about their Medigap policies in Virginia. All of the information provided …is subject to change.”  They recommend that consumers compare prices before making a decision.

Get a No Obligation Quote

You could call each insurance company directly and deal with a salesperson to determine which plans they have and verify their premium costs.  As you might expect this would be quite a difficult task. Or you could just fill out the form at the top of the page or call to speak with a Virginia Medicare Supplement Plan specialist and get the lowest current cost quote from all the companies that offer the plan you need.

Planning for your retirement doesn’t mean spending more than you have to on Supplemental Health Insurance.

                 Medicare Supplement Plans/Rates, Just A Click Away

                                                                       OR

                           Call Now for Medigap Supplement Insurance Quotes

                                                              888.502.5553