Colorado: The Centennial State

Colorado Medicare Plans

At the Benefit Link we work with great insurance companies offering Medicare Supplement plans for Colorado residents. Many offer the most popular plans like Plan F and Plan G.

Let us assist with the basics. Colorado Medicare Plans include 10 standardized options, lettered A – N. Each insurance company must offer at least Plan A, but companies can offer any of the other plans as well.

Our agency works with some of the best Colorado Medicare Plan F and Plan G insurance companies, such as AetnaBankers Fidelity, Blue Cross Blue Shield, Cigna, Humana, Mutual of Omaha, and Transamerica.

You can find a complete list of our Medicare insurance providers here.

colorado medicare plans

Colorado Medicare Plans

Colorado Medicare plans help you to pay for the gaps in Medicare. After Medicare pays it’s share, then your supplement company can pay for the rest.

Colorado Medigap plans are offered by a wide variety of insurance carriers. Fortunately, each insurance company must offer the same standardized benefits for Medicare supplements as outlined in federal law.

Our agency works with some of the best Colorado Medicare Supplement Plan F and Plan G insurance companies, such as Aetna Medicare Supplements and Cigna Medicare Supplements.

Colorado Medicare Supplement (Medigap)

The best time to enroll in a Colorado Medicare supplement is during your open enrollment period. This window begins on your Part B effective date. During this 6-month window, you can enroll in a Colorado Medigap plan without underwriting. The insurance company cannot deny you coverage based on your health.

Colorado Medigap carriers must make at least Medigap Plan A available to all beneficiaries, regardless of age. So if you have qualified to Medicare early due to disability, you will be able to buy a Plan A. Insurance companies do not have to offer other plans to people under age 65. Later on though, when you turn 65, you will get another 6 month window to change to a different plan.

After the open enrollment window has passed, you can still apply for a Medigap policy anytime you like. However, you must answer health questions on the application. The insurance company can decline you for certain pre-existing health conditions.

Colorado Medicare Supplement Insurance Rates

Rates for Medigap plans in Colorado are set by the individual insurance companies. Most Colorado Medigap plans are based on attained age rates. This is when your premium is based off the age at the time of your enrollment. Attained age rated policies are the most common type of Medigap policy in America.

Community rated plans tend to treat everyone the same. Depending on the insurance carrier, they might charge the same rate for makes and females, or they might charge the same rate regardless of age.  Sometimes these Colorado Medigap carriers might have higher starting rates for people at age 65 though. It’s important to have a agency like The Benefit Link run quotes to see which plans  be most cost effective for you and to make sure you have all the applicable discounts.

Lastly, in some areas we find issue-age rated policies. Your rate will be calculated based on the age at which you enrolled.

The 3 types of Colorado Medigap plans have annual rate increases. The cost of insurance increases because the cost of healthcare goes up every year. Our company will help monitor annual rate increases to provide the best value to our customers. 

How to Compare Colorado Medigap Plans

At The Benefit Link, we help you compare Colorado Medicare supplements by both current rates AND the rate increase history of each company. Our software gives us detailed information on rate increase trends, financial ratings and loss ratios for all the Colorado Medigap plans. We’ll help you choose a carrier with a competitive rate that also has a history of low rate increases.

There are 10 standardized plans available in Colorado and one high deductible plan. Since plans are standardized by the federal government, it makes it easy for you to choose the plan outline that fills the gaps that are most important to you. For example, if you decide you like Colorado Medicare Supplement  Plan F and we can look at the rates, history, and loss ratios of every company offering Plan F in Colorado.

Colorado Medicare Plans Quotes, Rates and Benefits

An independent insurance agent like The Benefit Link who specializes in Colorado Medicare plans can help you compare the options available. Our team uses a special software to compare each plan in your area.

We’ll find the one that has the most attractive price. We can also check each company’s financial ratings and analyze the history of its rate increases.

All of this information helps us to identify which plan is right for you. We charge no fee for our services. You pay the same rate as if you applied directly with the insurance company.

An added benefit is your access to our Client Engagement Team to help you with your annual Part D analysis. Call us today for your free Colorado Medicare plan comparison.

Still have questions, or need more information on how to pick the plan that is right for you?

The Benefit Link is here to help! Give us a call and speak to a licensed insurance agent:

Use your retirement income wisely, find out if you qualify for Medicare discounts!

How can we serve you today?

It can be difficult to know whether or not you have proper coverage, but we can help! It’s our passion to provide peace of mind and ensure that you are well informed of your options and receive the best possible rates. Please feel free to call us at anytime, even if it’s just to chat.