2021 Affordable Health Insurance Plans in Virginia

Enrolling in a health insurance plan in Virginia is simple. You can visit Healthcare.gov to view available plans and rates on the federal Affordable Care Act-compliant marketplace. Enrollment for health insurance plans in Virginia has been extended to August 15th, 2021, due to COVID-19.

Highlights and Updates

  • Virginia residents can enroll at Healthcare.gov on a state-run exchange on the federal marketplace platform. 
  • The Benefits Special Enrollment Period (SEP) is open from February 15thAugust 15th, 2021.
  • A transition to a state-run marketplace is underway for completion by 2023.
  • The American Rescue Plan offers premium subsidies that cover a portion of or entire cost for coverage.
  • Short-term health insurance in Virginia is available for up to 6 months.
  • The average monthly benchmark premium for 2021 health insurance in Virginia is $479.
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How to Buy Health Insurance in Virginia 

If you don’t have coverage through your employer, you can purchase a health insurance policy in Virginia on the federal exchange website. The four primary health insurance classifications in Virginia are Bronze, Silver, Gold, and Platinum. The costs depend on the plan you choose and qualification for subsidies, but all coverages include essential services. Plans under the Bronze tier are the most affordable and become more expensive as you progress to the Platinum tier. Low-income and other eligible residents can obtain Medicaid coverage.

How to Apply for Health Insurance in Virginia

Applying for health insurance in Virginia is easy. First, go to the online federal marketplace and enter your information. Then, browse the list of available plans for a policy and provider that meets your needs. You can view plans by price or tier level.

Health Insurance Carriers in Virginia

Virginia has nine health insurance companies offering coverage via the Federal marketplace: CareFirst, Cigna, Group Hospitalization and Medical Services, Inc, Health Keepers, Kaiser Foundation Health Plan of the Mid-Atlantic, Optima, Piedmont Community Healthcare, Oscar Health, and Optimum Choice.

What Are the Cheapest Health Insurance Companies in Virginia?

Virginia has nine health insurance providers to choose from on its state exchange.

Depending on your preferred plan type and county of residence, some providers are more affordable than others. Compared to 2020, the average health insurance plan in Virginia is 7.2% cheaper in 2021.

How Has Obamacare Helped Virginia’s Uninsured?

During the 2021 open enrollment period, Virginia recorded 261,943 participants. Almost 15,000 enrollees signed up within the first week of the COVID/American Rescue Plan enrollment period in 2021. These figures are 2.5 times higher than they were in 2020. 

Virginia Health Insurance Costs Overview

Virginia has four primary health insurance metal tiers: Bronze, Silver, Gold, and Platinum.

How Much Does Health Insurance Cost in Virginia?

According to the KFF, the average benchmark premium in Virginia is $479 for the year 2021. 

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What is the Cheapest Health Insurance Plan in Virginia?

The average lowest-cost premium for Bronze tier health insurance in 2021 is $358. For the Silver-tier plan, the average monthly premium is $470. Meanwhile, Gold plan premium averages are $464, $6 lower than Silver plans.

Cheapest Virginia Health Insurance Coverage by Metal Tier

The average cost of each coverage by metal tier is calculated below according to Healthcare.gov. This example lists prices for a male age 35 with an annual income of $75,000.

Gold Plans

The Cigna Connect 1500 Gold plan is the most affordable Gold tier coverage. The premium is $430 monthly, the deductible is $1,500, and the out-of-pocket maximum is $8,550.

Silver Plans

The Cigna Connect 6500 Silver plan is the cheapest in the Silver tier, with monthly premiums of $450. The deductible is $6500, and the out-of-pocket maximum is $8550.

Bronze Plans

The Cigna Connect 7000 Bronze plan is the most affordable Bronze tier health insurance with premiums of $338 monthly. Your deductible would be $7000 and have an out-of-pocket maximum of $8550.

Virginia Health Insurance Costs by Occupation

What Is the Average Cost of Health Insurance for a Student in Virginia?

In Virginia, dependents can stay on their parent’s plan until age 26. Healthcare options for students in Virginia, including school-sponsored plans that are typically comprehensive and low-cost. 

What Is the Average Cost of Health Insurance for the Self-Employed in Virginia?

Self-employed individuals in Virginia with a tax return from 2020 can sign up for group coverage through the federal marketplace.

What Is the Average Cost of Health Insurance for Small Business Owners in Virginia?

Small businesses in Virginia with 50 employees or less can enroll in the Small Business Health Options Program (SHOP) at Enroll Virginia. Some businesses may be eligible for a Small Business Health Care Tax Credit.

Virginia Health Insurance Costs by Number of Participants

What Is the Average Cost of Health Insurance for Families in Virginia?

A non-smoking couple with two young children earning $55,000 would pay around $$1150 monthly for Bronze tier health insurance. Some families may qualify for a subsidy or tax credit, depending on income level.

What Is the Average Cost of Health Insurance for Individuals in Virginia?

The benchmark premium for individual coverage in Virginia across all health insurance tiers is $479. 

What Is the Average Cost of Health Insurance for a Child in Virginia?

If your income exceeds the eligibility threshold for Medicaid, the Children’s Health Insurance Program (CHIP) in Virginia offers affordable coverage for families and children.

Other Types of Virginia Health Insurance Coverage

Catastrophic Health Insurance in Virginia

For individuals under age 30 or those qualifying for a hardship exemption, Catastrophic health insurance plans are available in Virginia under the federal ACA marketplace. 

Short Term or Temporary Health Insurance in Virginia

Individuals can apply for short-term health insurance in Virginia for up to 6 months. You can purchase coverage throughout the year from private insurers.

Low-Income Health Insurance in Virginia

Medicaid is available from the Virginia Department of Medical Assistance Services to eligible low-income residents in Virginia.

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