Virginia Medicare plans help people to cover some of the gaps in Medicare. People new to Medicare at age 65 can use their open enrollment period to choose a Virginia Medicare supplement. A similar window exists for people who prefer Medicare Advantage coverage. You can choose the coverage that best suits your needs and budget. Here are some basics:
A similar window exists for people who prefer Medicare Advantage coverage. You can choose the coverage that best suits your needs and budget. Here are some basics:
Virginia Medicare Supplement (Medigap) Plans
Medicare Supplements in Virginia have been standardized by Congress into 10 main plans, labelled A – N. There is also one high-deductible option. Each plan contains benefits for things not covered by Original Medicare, such as the Medicare Part A Hospital deductible. Many people who choose Medicare supplements gravitate toward plans that cover most or all of the gaps in Medicare.
For example, a Virginia Medicare supplement Plan F is the most comprehensive plan available. It covers all of the deductibles, coinsurance and copays that you would normally pay. Medicare pays its share and then sends the remainder of the bills to your supplement carrier. Other popular plans include Plan G and Plan N.
The best time to enroll in a Virginia Medicare supplement is during your open enrollment window. This window occurs once, and it starts with your Part B effective date. You have six months from that date to enroll in any supplement plan without having to answer health questions. If you have pre-existing conditions that you are concerned about, your open enrollment window will allow you to enroll with no fear of any problems.
Medicare supplements do not include retail drug coverage, so most people also set up a standalone Part D drug card to go alongside their Medigap coverage. If the cost of Medigap and a Part D card are difficult for you, then another option would be Virginia Medicare Advantage plans.
Medicare Advantage plans in Virginia
Medicare Advantage plans sometimes offer benefits beyond what original Medicare covers. The most common benefits include vision, dental and hearing benefits. Some plans even offer discounted gym memberships to encourage members to exercise for the sake of prevention.
While these benefits are nice, it’s important that you understand how Medicare Advantage plans function differently than Medicare supplements. They often have lower premiums than Medigap plans, but you often will have a network of providers in an Advantage plan. Treating within the network will offer you the lowest costs, since Medicare Advantage plans charge copays for most medical services. For example, you might pay $5 or $10 for a visit with a primary care physician, and perhaps $45 or $50 to see a specialist.
If you like the idea of participating in some cost-sharing and using a network in order to get lower monthly premiums on your insurance, a Virginia Medicare Advantage plan might work for you.
Help with Choosing from Virginia Medicare Plans
Choosing your Medicare plan is easier with the unbiased help of an independent insurance agent. The agents at Boomer Benefits work with all plan types. We can help you understand the options. In a nutshell, we speak Medicare. It’s our goal to help make this process easier for you so you feel confident in choosing a great Virginia Medicare plan.
Once we’ve helped you understand your basic Medicare benefits, then we can move on to selecting the right supplemental plan. Our agency uses a software that compares all the insurance companies in your area. The report compares prices, financial ratings and also rate increases histories for all your local companies. This information is so helpful in identifying the coverage that will be
The report compares prices, financial ratings and also rate increases histories for all your local companies. This information is so helpful in identifying the coverage that will be most cost-effective for you over the long term.
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