Best Virginia Health Insurance (2023 Plans)

MoneyGeek found that Kaiser Permanente is the best health insurance provider in Virginia, earning a MoneyGeek score of 67 out of 100. Based on our research, this company offers the most affordable health insurance in the state, with affordable maximum out-of-pocket costs and better-than-average denial rates.

We compared data from 34 Silver HMO plans, 14 Silver EPO plans and three Silver PPO plans in Virginia to determine the winner of this category.

Kaiser Permanente received a MoneyGeek score of 72 out of 100, making it the best health insurance company in Georgia for low out-of-pocket expenses. The cost of premiums is lower than average, and the company approves a larger share of insurance claims than its competitors do. It also offers many plan types.

In this section, we looked at 12 Gold EPO plans, 27 Gold HMO plans, three Gold PPO plans, three Platinum HMO plans, one Platinum POS plan and one Platinum PPO plan.

With a MoneyGeek rating of 75 out of 100, Kaiser Permanente offers Virginia residents the most affordable health insurance.

We prioritized affordability when scoring providers in this category. Keep in mind that out-of-pocket expenses are typically higher for plans with lower monthly premiums.

To identify the winner and recommended plans for this category, we assessed 34 Silver HMO plans, three Silver PPO plans and 14 Silver EPO plans.

MoneyGeek also analyzed the cheapest health insurance in Virginia for those who just want the cheapest rates.

Aetna received a score of 75 out of 100 on MoneyGeek, which makes it the best health insurance provider for low-income Virginia residents.

Providers that offer plans with cost-sharing reductions (CSRs) and prioritize low monthly rates were evaluated. In Virginia, this included 14 Silver EPO plans, 27 Silver HMO plans and two Silver PPO plans for this evaluation.

If your income is below 250% of the federal poverty line (FPL), CSRs lower your MOOP and deductible, helping you avoid the trade-off between higher out-of-pocket costs and cheaper premiums. Cost-sharing is higher for CSR plans than it is for conventional Silver policies, which cover roughly 70% of medical expenses. In Virginia:

• Those earning $27,180 to $33,975 per year (201% to 250% of the FPL) are eligible for a plan that covers roughly 73% of medical expenses
• Those earning $20,385 to $27,180 per year (151% to 200% of the FPL) are eligible for a plan that covers roughly 87% of medical expenses
• A plan that covers approximately 94% of medical expenses is available to those with annual incomes under $20,385 (up to 150% of the FPL)

These brackets change according to the size of your household.

Aetna has the best health insurance for young adults in Virginia, earning a MoneyGeek score of 63 out of 100.

We evaluated providers offering Bronze or Catastrophic policies, which typically have the lowest premiums and the highest out-of-pocket expenses, in order to identify the top firms for young adults. Only individuals under the age of 30 can get Catastrophic coverage.

We evaluated the following number of plan levels and types in Virginia for this category:

• Bronze: Seven HMO and three EPO plans
• Expanded Bronze: 24 HMO and 16 EPO plans
• Catastrophic: One EPO plan and three HMO plans

Health insurance companies offer several coverage options. Listed below are Virginia's top-rated providers for each category:

• EPO: Aetna (MoneyGeek score: 100 out of 100)
• PPO: Blue Cross Blue Shield (MoneyGeek score: 100 out of 100)
• HMO: Kaiser Permanente (MoneyGeek score: 70 out of 100)

Please take note that we only provide recommendations for Silver plans. This metal tier is ideal for those seeking quality medical insurance with affordable MOOPs.

There are 34 Silver HMO, 3 Silver PPO and 14 Silver EPO plans available in Virginia.

Your budget and coverage needs will determine which health insurance company in Virginia is the best fit for you. The following are some tips that can be useful when buying health insurance.

Virginia residents who are 65 or older or who have a disability or sickness that meets certain requirements may be eligible for Medicare. Medicare recipients still have to pay insurance premiums, though the cost of their coverage is far lower than that of a policy from a private provider.

• Part A is your hospital insurance, and it pays for medical care received in a hospital, nursing home or hospice.
• Part B is your health insurance, and it pays for things like doctor's appointments, outpatient care and preventative services.
• Part D offers coverage for vaccines and other medications obtained through a doctor's prescription, which is the drug benefit.

Medicare coverages have restrictions, so read your policy carefully before enrolling.

Some residents of Virginia may also qualify for Medicaid, which provides free health coverage. Those with incomes at or below 138% of the federal poverty threshold and who are residents of expansion states are eligible to enroll in Medicaid.

When comparing health insurance options, it’s normal to have questions regarding price and coverage availability. We address some common questions.