Jane Dotson
If you're looking for cheap medical insurance in Virginia, there are a variety of options to choose from. The best plan for you will depend on your medical needs, age, income, and monthly budget. Anthem, a Blue Cross Blue Shield company, offers the cheapest health insurance in Virginia and is also the most popular company in the state. Anthem HealthKeepers is another popular health insurance company in Virginia, with nearly half of all health plans in the state. Kaiser Permanente is also considered the best health insurance company in Virginia based on its rates, plan quality, and customer satisfaction. Virginia's Insurance Marketplace can help you find low-cost health insurance, and a Virginia Licensed Insurance Agent can provide you with free personalized plan recommendations and enrollment support.
| Characteristics | Values |
|---|---|
| Cheapest health insurance in Virginia | Anthem |
| Most popular company in Virginia | Anthem |
| Average monthly cost of health insurance in Virginia | $421 |
| Average monthly cost with income-based discounts | $75 |
| Income range to qualify for rate subsidies | $15,606 - $60,240 per year for a single person |
| $31,200 - $124,800 per year for a family of four | |
| Plan with the best rates, quality, and customer satisfaction | Kaiser Permanente |
| Plan with the best cost-sharing reductions | Silver |
| Plan with the lowest premiums | Bronze |
| Plan with the highest premiums | Platinum |
| Plan with the most affordable dental care | CareFirst BlueCross BlueShield |
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What You'll Learn
- Anthem: the most popular, flexible and cheapest option
- Kaiser Permanente: best for rates, plan quality and customer satisfaction
- Silver plans: good coverage at an affordable rate
- Gold plans: for those earning over $37,650 per year
- Virginia's Insurance Marketplace: the only place to get financial assistance
Anthem: the most popular, flexible and cheapest option
Anthem is the most popular, flexible, and cheapest option for medical insurance in Virginia. Anthem Insurance Companies Inc. is the most popular health insurance company in Virginia, with nearly half of all health plans in the state. Anthem offers a range of choices and makes managing your benefits easy. They offer low-cost coverage for children, adults, and families who qualify for state-sponsored programs. Their small business plans cater to businesses of varying sizes, offering a full range of health insurance options.
Anthem's health plans and plan networks are designed with different healthcare needs and budgets in mind. They offer a variety of plan options for individual and family coverage. Their Bronze health insurance plans feature low monthly payments with higher deductibles, ideal for those who have few doctor visits and only need coverage for medical emergencies. Silver plans are also available, which have average monthly payments but lower deductibles, making them suitable for individuals and smaller families with average healthcare needs.
Additionally, Anthem's Smart Rewards program allows you and your covered spouse or partner to earn rewards for completing health and wellness activities. Their digital-first approach focuses on providing virtual solutions, advanced analytics, and innovative product designs to simplify healthcare delivery. Anthem also provides virtual care visits through the Sydney Health app at no cost to you.
Anthem is part of Elevance and is a Blue Cross Blue Shield company. Many medical offices and hospitals accept Anthem coverage, giving you the flexibility to choose different doctors. Anthem also offers group health insurance plans for employers, helping to control costs, increase value, and improve productivity. Their plans provide access to the right doctors, benefits, tools, and support, contributing to a healthier and more cost-effective workforce.
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Kaiser Permanente: best for rates, plan quality and customer satisfaction
Kaiser Permanente is the best health insurance company in Virginia based on its rates, plan quality, and customer satisfaction. Kaiser Permanente offers cheap rates, with a Silver plan costing an average of $507 per month, which is $114 cheaper than the national average. Kaiser Permanente members are consistently happy with the company's customer service, and Kaiser Permanente has been recognized for its high-quality patient care and expertise.
Kaiser Permanente's health plans are rated highly, receiving 5 out of 5 stars for overall quality of care. According to a national survey by Newsweek magazine, Kaiser Permanente's health plans ranked first in customer assistance, scoring 8.52 out of 10. The company has also been recognized by NICE Satmetrix for the tenth year in a row for customer experience and loyalty in the 2020 US consumer Net Promoter Score® benchmarks study.
Kaiser Permanente provides health coverage and care in a unified manner. As KP providers are part of one team, members benefit from seamless, affordable, convenient, and high-quality care. Kaiser Permanente's health plans are rated among the nation's best for overall treatment, and the company is committed to providing the highest-quality service.
Kaiser Permanente's plans are easy to manage. Since Kaiser runs both the health insurance plans and the medical offices and hospitals, members can review their insurance and medical appointments using the same online tool, a unique perk offered by Kaiser. Kaiser Permanente is also the best major insurance company for paying its medical bills, with significantly fewer claim denials than the industry average.
While Kaiser Permanente offers excellent rates, plan quality, and customer satisfaction, it is important to note that the best health insurance plan depends on your medical needs and monthly budget. When choosing a plan, consider how often you require medical care, the cost of your healthcare and medications, and your monthly budget. Comparing plans based on these factors will help you find the one that best suits your needs.
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Silver plans: good coverage at an affordable rate
Silver health insurance plans are a good choice for most people as they offer good coverage at an affordable rate. They are ideal for individuals and smaller families with average healthcare needs. Silver plans have average monthly payments but lower deductibles than Bronze plans, and you might qualify for discounts that give you cheaper medical care.
Silver plans cover preventive services at no additional cost, including vaccinations, screenings, and wellness visits. They also include pediatric dental and vision coverage, making them suitable for families with children. Additionally, they have a maximum limit on the amount you can be required to pay out of pocket in a policy year, providing financial protection in case of major medical expenses.
If you qualify for extra savings based on your income, you will only get these savings if you enroll in a Silver plan. About 87% of health insurance shoppers in Virginia qualify for discounts based on their income. In Virginia, about one-third of people who qualify for subsidies pay $10 or less each month for health insurance.
When choosing a Silver plan, it's important to evaluate your healthcare needs and compare premiums, cost-sharing features, and the network of providers. The best plan for you will depend on your medical needs and monthly budget. You can also consider getting advice from a Virginia Licensed Insurance Agent, who can provide free personalized plan recommendations and enrollment support.
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Gold plans: for those earning over $37,650 per year
If you are earning over $37,650 per year as a single person or $78,000 per year as a family of four, you should consider a Gold plan. Gold plans cost around the same as Silver plans in Virginia, and if you earn too much to get an extra discount on medical care, a Gold plan is a better deal.
The amount of tax credit you can receive is calculated by subtracting your required contribution from the actual cost of the "benchmark" plan. For example, if the benchmark plan costs $6,000 annually, and your income is $37,650, your contribution will be $1,506 per year, resulting in an annual premium tax credit of $4,494. This credit can then be applied to any plan sold through the Marketplace, except for Catastrophic coverage.
The cost of health insurance in Virginia is, on average, $421 per month, but this average drops to $75 per month if you qualify for income-based discounts. About 87% of health insurance shoppers in Virginia qualify for these discounts, and one-third of those who qualify pay $10 or less per month.
Anthem is the most popular health insurance company in Virginia, with almost half of all health plans in the state provided by them. Anthem is a Blue Cross Blue Shield company, and its coverage is accepted by many medical offices and hospitals. Anthem offers a range of choices, catering to different healthcare needs and budgets.
Kaiser Permanente is another company that offers health insurance in Virginia. It consistently provides excellent customer service and coverage options, and it runs its own medical offices and hospitals, which can make getting medical care faster and easier.
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Virginia's Insurance Marketplace: the only place to get financial assistance
If you're looking for cheap medical insurance in Virginia, you'll want to check out Virginia's Insurance Marketplace. It's the only place to get financial assistance to help lower the cost of coverage and care. The Marketplace was created by Virginia for Virginians and offers a range of affordable health insurance plans.
When it comes to choosing a health insurance plan, it's important to consider your medical needs and monthly budget. Think about how often you need medical care, the cost of your healthcare and medications, and how much you can afford to spend each month. You can also look into whether you qualify for any discounts or subsidies based on your income. About 87% of health insurance shoppers in Virginia qualify for income-based discounts, which can bring the average monthly cost down to just $75. If you make between $15,606 and $60,240 per year as a single person or $31,200 and $124,800 per year as a family of four, you may be eligible for rate subsidies.
Virginia's Insurance Marketplace offers free, unbiased enrollment assistance. You can meet with assisters in your community or contact the Marketplace's customer service representatives for help enrolling in a health plan, updating your personal information, or answering any questions you may have. They can provide you with personalized plan recommendations and enrollment support. Your contact information will remain private and confidential.
Several companies offer health insurance plans through Virginia's Insurance Marketplace, including Anthem, Kaiser Permanente, Matthew Thornton Health Plan, Healthy Alliance Life Insurance Company, Community Insurance Company, and Compcare Health Services Insurance Corporation. Anthem is a popular choice in Virginia, with almost half of all health plans in the state provided by this company. They offer a range of plan options, including Bronze and Silver plans, to suit different healthcare needs and budgets. Kaiser Permanente is another highly-rated option, known for its excellent customer service and coverage options. They also run their own medical offices and hospitals, which can streamline the process of getting medical care.
Remember, the best health insurance plan for you will depend on your individual circumstances and needs. Take the time to compare plans and consider your priorities before making a decision.
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Frequently asked questions
Anthem offers the cheapest health insurance in Virginia. Anthem is also the most popular company in Virginia, with almost half of all health plans in the state.
Other companies offering cheap medical insurance in Virginia include Kaiser Permanente, CareFirst BlueCross BlueShield, and Aetna.
The best health insurance plan for you depends on your medical needs and monthly budget. Consider how often you need medical care, the cost of your healthcare and medications, and how much you can afford to spend each month.
There are various types of plans available, including Bronze, Silver, Gold, and Platinum. Bronze plans have lower premiums but higher expenses when accessing healthcare services. Silver plans have average monthly payments but lower deductibles than Bronze plans. Gold and Platinum plans have higher monthly premiums but lower out-of-pocket expenses when you need medical care.
Yes, Virginia offers rate subsidies based on income. About 87% of health insurance shoppers in Virginia qualify for these discounts, and about one-third of those who qualify pay $10 or less per month for health insurance. Additionally, if your income is below a certain threshold, you may qualify for Medicaid, which provides free or low-cost health coverage.
