Medicare Supplement Plans in Virginia

Virginia Medicare
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What is a Medicare Supplement plan?

Original Medicare (Part A and Part B) provides coverage for many medical services for the 1,203,462 beneficiaries living in the state in 2012. However, Parts A and B do not cover all medical and hospital needs. Bills for out-of-pocket expenses can begin to add up quickly for beneficiaries facing health issues that require ongoing treatment or monitoring.

Medicare Supplement plans in Virginia help to cover some of the costs not included in Original Medicare coverage. Costs like premiums, deductibles, and other out-of-pocket expenses might be covered under a Medicare Supplement plan, depending on the type of plan you enroll in. Some Medicare Supplement plans might also include coverage for hospice care, pints of blood, and medical care rendered outside the United States during travels.

Medicare Supplement plan choices in Virginia

As of 2013, there were 10 different types of Medicare Supplement plans in Virginia, as well as one high-deductible plan. These plans are standardized by Medicare and categorized by a specific letter of the alphabet, such as Plan A, Plan C, and Plan K. Each plan contains identical benefits, regardless of the company selling the plan or the state in which the plan is available.

While the basic benefits are the same with each plan category, the costs for those plans can vary considerably. Cost variations depend on the company offering the plan, out-of-pocket expenses and the location where the plan is offered. A resident of Sussex County in Virginia may pay different monthly premiums for a plan than a resident of Scott County would pay for the same plan.

Selecting Medicare Supplement Plans in Virginia

During 2013, there were more than 65 companies offering Medicare Supplement plans in Virginia. Each company varied in terms of the types of plans offered and the costs of those plans. A 65-year-old beneficiary in the state could expect to pay an average annual premium between $900 and $1,500 for a supplement plan.

When comparing Medicare Supplement plans in Virginia, it may be helpful to first determine the plan type that will meet your needs best. Once you have a plan in mind, get quotes from a number of insurance companies to compare the costs. Remember that plans with lower monthly premiums may have higher out-of-pocket expenses. Compare the overall cost of the plan to ensure you get the best value for your needs.

Data provided by the Kaiser Family Foundation and the State Corporation Commission for the Commonwealth of Virginia

Medicare has neither reviewed nor endorsed this information.