@turkay1-- I think surgery of vaginal skin folds (labia minora or labia majora) is considered vaginoplasty. Procedures that are included in this category are done for cosmetic reasons and are different than vaginal repair which is done for medical reasons.
The insurance bit is somewhat complicated and varies from company to company. Some insurance companies may cover a part of the expense when it's a cosmetic procedure, others may not cover it at all. If you however experience pain or other negative side effects because of your condition, you might be able to argue that it is a medical necessity and not a cosmetic surgery. It has to be taken on a case by case basis though.
I don't know for sure, but I have heard that if a patient needs vaginal repair for medical reasons, the surgeon might also be able to do a vaginal procedure for aesthetic reasons at the same time if the patient requests it. But I don't think every surgeon would be willing or capable to do that.