RICHMOND – Virginia’s Insurance Marketplace is reminding Virginians that December 31 is the last day to apply for health care coverage that starts on January 1, 2025. Health care coverage secured after December 31 and before the Open Enrollment Period ends on January 15, 2025, will begin on February 1, 2025.

Virginia’s Insurance Marketplace is operated by the Virginia Health Benefit Exchange, a division of the State Corporation Commission. As the Commonwealth’s official platform for comparing and purchasing health insurance, the Marketplace has helped over 400,000 residents enroll in health plans since its launch in 2023. Nine out of 10 households qualify for financial assistance through the Marketplace.

“We are pleased to see so many Virginians shopping for and finding high-quality, affordable plans on the Marketplace,” said Keven Patchett, director of Virginia’s Insurance Marketplace. “Our team is prepared to continue helping Virginians navigate the open enrollment process and receive the perfect health plan for themselves and their families.”

After this year’s Open Enrollment Period, Virginians can still search for and enroll in health plans on the Marketplace if they experience a Qualifying Life Event, such as getting married, having a child, or losing health coverage. Virginians who have lost Medicaid coverage during the Medicaid unwinding period can also find affordable health plans on the Marketplace through June 30, 2025.

Every health plan offered on the Marketplace covers the 10 essential health benefits required by law, which include emergency services, pregnancy and childbirth services, and prescription drugs. Individual and family plans are available to eligible Virginians, including those who are unemployed, are self-employed, or have jobs that don’t provide affordable insurance options.

Virginians can visit Marketplace.Virginia.gov to browse and compare health insurance plans. For additional help — either online or in person — Virginians can access the following resources:

• The Marketplace Help Center can connect Virginians to someone either in person or on the phone. Free translation services are also available.
• The FAQ page answers some of the most common questions about the Marketplace.

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Contact: Katha Treanor, 804-371-9141

RICHMOND – Although the Atlantic hurricane season ends November 30, that may not mean an end to your risk for floods.

The State Corporation Commission’s Bureau of Insurance reminds Virginians that floods can happen anywhere and anytime – not just during hurricane season. Some factors that contribute to floods include heavy rains, saturated soil, melting snow and ice, broken dams and a lack of vegetation due to wildfires, development or other causes.

Floods are the most common and costly natural disaster in the United States, causing billions of dollars in damage each year. Just one inch of water can cause as much as $25,000 damage to your home, according to the National Flood Insurance Program (NFIP).

“Even a seemingly small amount of water can cause extensive damage to your home and other property,” said Virginia Insurance Commissioner Scott A. White. “Don’t wait until it’s too late. Assess your risk; protect your property and see if flood insurance is right for you.”

Homeowners, renters and commercial insurance policies issued in Virginia typically do not provide coverage for damage caused by floods, surface water or storm surge. However, coverage may be available to homeowners, renters and businesses in eligible communities through the NFIP. The federally backed flood insurance offered through the NFIP provides separate coverage for structures and contents in the event of flood damage.

Flood insurance may also be available through some private insurers. Policyholders typically must wait 30 days for a flood insurance policy to take effect, so advance planning is crucial.

If you live near the coast or in a floodplain near a river, it is especially important to consider the need for flood insurance coverage. But as Hurricane Helene reminded us, areas hundreds of miles from the ocean can experience the devastating effects of floods.

To learn more about flood insurance, contact your insurance agent or the NFIP at 877-336-2627 or visit floodsmart.gov. Ask whether your flood insurance policy covers your personal property.

Unlike homeowners insurance, auto insurance usually does cover damage caused by flooding, provided you have “other-than-collision” (or “comprehensive”) coverage on your vehicle. In addition to water damage caused by flooding, comprehensive coverage typically helps pay to repair or replace vehicles if they are stolen or otherwise damaged by such things as fire, water, wind, hail, vandalism, glass breakage, falling objects or contact with an animal. Check your auto insurance policy or contact your insurance agent to find out if your vehicle is protected in the event it is damaged by floods.

For questions or information about a variety of insurance-related topics, contact the Virginia Bureau of Insurance in Richmond at 804-371-9741 or toll-free at 1-877-310- 6560 or visit its website at scc.virginia.gov/pages/insurance.

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Contact: Katha Treanor, 804-371-9141