Virginia Premium Savings is a new state-funded program that can help eligible Virginians lower the monthly cost of qualified health coverage through Virginia's Insurance Marketplace. For households eligible for federal Advance Premium Tax Credits, Virginia Premium Savings can provide additional assistance after the available federal credit is applied.
Virginia's Insurance Marketplace states that Virginia Premium Savings is available to qualifying consumers with household income between 138% and 250% of the Federal Poverty Level.
Larger households may also qualify. The examples above are income ranges currently published by Virginia's Insurance Marketplace for the 2027 program.
Talk With HBG About Savings →Your exact savings depend on household income, household size and the health plan you choose. Virginia reports that some eligible customers may save as much as 70%.
If your household qualifies for federal Advance Premium Tax Credits, the available federal credit is used first and Virginia Premium Savings can then supplement it.
Virginia states that consumers who are ineligible for federal APTC may still qualify for Virginia Premium Savings if they meet the state program's requirements.
The Marketplace determines eligibility during the 2027 application process and shows how the savings affect available plan premiums.
Insurance shouldn't feel like a maze of plans, networks and fine print. Holloway Benefits Group gives Virginians a knowledgeable local resource to help understand their options, compare coverage and make informed decisions.
Guidance built around Virginia's Insurance Marketplace, Medicare options and coverage available to Virginia residents and employers.
We help compare plan designs, provider networks, benefits and costs so you can understand the differences that matter.
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Coverage decisions are personal. Our role is to help make the process easier to understand—from the first question through enrollment and beyond.
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