October 6, 2016
Searching for Medicare Supplement plans in West Virginia? Let PlanPrescriber be your resource for West Virginia Medicare Supplement information and plan comparisons.
If you’re enrolled in Medicare Part A and Part B in Virginia, and you’re concerned about your health-care costs, you may be able to sign up for a Medicare Supplement (Medigap or MedSupp) plan. Original Medicare, Part A and Part B, services typically involve deductibles, copayments, coinsurance, and other out-of-pocket costs, and that’s where Medigap plans can help.
In West Virginia, as in most states, there are 10 standardized Medigap policy options, each labeled with a letter (such as Medigap Plan K). All plans of the same letter name cover the same portion of Medicare out-of-pocket costs; for example, Medigap Plan K pays half of your Medicare-approved skilled nursing facility care coinsurance, no matter where or from which insurance company you buy Plan K.
Insurance companies rate Medigap pricing in three ways: community-rated, issue-age-rated, or attained-age-rated. With community-rated pricing, premiums are the same for everyone regardless of age but may increase over time with inflation. Issue-age-rated pricing bases premiums on your age when the policy is issued: premiums are lower for younger buyers and higher for older buyers. Lastly, attained-age-rated premium pricing also depends on the age of issuance but premium costs increase as beneficiaries age. The costs of Medigap plans may also differ depending factors such as whether you enroll in a lower cost Medicare SELECT plan or a high-deductible Medigap plan. Although prices of Medigap plans can vary, standard coverage for lettered plans (e.g. Plan A) is the same regardless of location or insurance company, although some companies may offer additional innovative benefits.
Since different Medigap plans in West Virginia might come with different premiums (even for the same Medicare Supplement plan, such as Plan K), you will probably want to compare the Medigap plans and premiums in your part of West Virginia. Some plans might not be available where you live, but you can easily find out by entering your zip code in the box on this page.
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