Virginia Medicare Supplement Plans
Virginia is the first English colony in North America and also known as the “Old Dominion.” It is the 12th most populous state with 8.4 million residents. Seniors (age 65 and older) make up 15% of its total population.
Virginia Medicare Facts
- Roughly, 1.3 million Virginia residents have Medicare (2015, kff.org).
- There are approximately 368,000 beneficiaries with a Virginia Medicare Supplement Plan or “Medigap” policy. (2015, AHIP.org).
- The most popular Virginia Medicare Supplement Plans are Plan F, G, and J. (2015, AHIP.org).
Know that there are certain out-of-pocket expenses Original Medicare does not cover such as copayments, coinsurance, and deductibles. Beneficiaries in Virginia have the option to enroll in an Virginia Medicare Supplement Plan to help some of the out-of-pocket expenses. Also known as Medigap, most states have ten standardized plans all which consists of different benefits with different premiums which are labeled with a letter from A through N. The best time to enroll in a Virginia Medicare Supplement Plan is during the Medigap Open Enrollment Period. This period beginning the month you turn 65 and enrolled in Medicare Part B.