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Find Affordable Medigap Plans in Colorado

Best Medicare Supplement Plans in Colorado 2021

Medicare Supplement insurance plans in Colorado cover the out-of-pocket expenses that are your responsibility after Original Medicare insurance pays out. Those expenses are referred to as “gaps” in Original Medicare coverage. Some of the gaps include excess charges, coinsurance, copayments, and deductibles.

When you enroll in a Medicare Supplement plan in Colorado, you pay one premium to cover those gaps. That’s why the plans are referred to as Medigap policies. You’re eligible to apply for Colorado Medicare Supplement insurance plans after you turn 65 and are enrolled in Medicare Part A and Part B. There are other rules and deadlines that apply, so it’s never too soon to study the plans and compare rates online.

What Are the 5 Top Medicare Supplement Plans in Colorado?

Five Medicare Supplement insurance plans in Colorado are known for sweeping benefits. You can compare the plan options here:

1. Best for full benefits: Medicare Plan F

  • Highest level of coverage across all Medigap policies, including Part A deductible
  • One of only two plans that cover the Medicare Part B deductible
  • Covers Medicare Part A deductible
  • Can only be sold to beneficiaries eligible for Medicare prior to January 1, 2020 who are not yet enrolled

2. Best comprehensive coverage: Medicare Plan G

  • Covers every benefit except the Part B deductible
  • Available to Medicare recipients with an eligibility effective date before or after January 1, 2020

3. Best value: Medicare Plan N

  • Lower monthly premium than Plans F and G
  • Covers Part B coinsurance but not copayments
  • No coverage for Part B excess charges or deductible

4. Best deductible plan: High-Deductible Plan F

  • Plan F deductible due before plan pays benefits
  • 2021 deductible: $2,370
  • Same benefits as Plan F but with less expensive premiums

5. Best for lowest premiums: High-Deductible Plan G

  • Deductible applies before plan pays benefits
  • 2021 deductible: $2,370
  • Same benefits as Plan G with a reduced premium

What is the Best Supplemental Insurance to go with Medicare?

To identify the best plan for you, ask yourself these questions:

  • When did I become eligible for Medicare?
  • Based on my health status, do I expect a lot of medical expenses?
  • Am I willing to pass on some benefits in favor of a lower premium?
  • Do I travel extensively? (Some plans offer foreign travel emergency with plan limits)

If the best Medicare Supplement insurance plan in Colorado for you is one that includes every benefit, you may want Plan F. However, it is only available to Medicare beneficiaries newly eligible before January 1, 2020 who have not been enrolled.

Plan G is your best alternative if you are newly eligible:

  • On or after January 1, 2020 OR
  • Before January 1, 2020 and want premium savings

All Medigap plans in Colorado allow you to:

See any physician who participates with Original Medicare

  • Change health care providers
  • Receive services at any hospital or facility that works with Medicare
  • Visit specialists without referrals

Compare Plan F to Plan G

Plan F:
Best for complete coverage if you were eligible for Original Medicare prior to January 1, 2020 and have not yet enrolled

Plan G:
Best for coverage of all benefits except the Part B deductible – lower premium than F

What Is the Average Cost for a Medicare Supplement Plan in Colorado?

Sample Profile

  • 65 years old
  • Female
  • Nonsmoker
  • Lives in Adams County, zip code 80022

Sample Pricing

Colorado Medigap Plan Monthly Premium Range Average Premium
K $101.28 – $115.33 $108.31
N $104.21 – $163.51 $126.14
G $122.00 – $136.61 $158.32

Common Colorado Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in Colorado?

Medicare Supplement insurance plans are sold by private insurance companies. Every Medicare insurance company that sells Medigap policies in Colorado must comply with federal and state regulations for your protection.

According to the Denver Post, the five companies in Colorado with the most market share are:

  • Mutual of Omaha
  • Aetna
  • Cigna

When Can I Apply For a Colorado Medicare Supplement Plan?

Medigap has an open enrollment period apart from election periods available for enrollment in Original Medicare, Medicare Advantage and the Medicare Part D Plan.

Medigap Open Enrollment Period Fast Facts

  • Enrollment start date: first day of the month you turn 65 or older
  • Sign-up window: six months
  • Requirement: enrollment in Part B
  • Advantages: best prices, most choices and can’t be declined due to health conditions

Guaranteed Issue Rights

Guaranteed issue rights offer you protection in certain scenarios, such as:

  • Your Medicare Advantage (MA) plan no longer participates in Medicare or services your area.
  • You move out of your MA plan service area.
  • You have employer group health insurance, which is ending.

When you have guaranteed issue rights, private health insurance companies are required to:

  • Sell you Medigap insurance
  • Provide coverage of pre-existing conditions
  • Set rates without regard to pre-existing conditions or current health problems

Which Is Better, Plan G or Plan N?

  • Plan N requires copayments (up to $20 for office visits and up to $50 for emergency room visits)
  • Plan N does not cover Part B excess charges
  • Plan G covers all copayments and excess charge

What Is Medicare Supplement Insurance?

If you have Original Medicare and are apprehensive about out-of-pocket costs, Medicare Supplement plans in Colorado may alleviate your concerns. This insurance policy offers an extra layer of protection from gaps in Medicare coverage.

The most basic benefits of Medicare Supplement plans in Colorado are:

  • Hospital coinsurance after Medicare coverage is exhausted
  • Coinsurance or copayments due under Part B
  • First three pints of blood purchased for you
  • Part A coinsurance or copayment if you receive hospice care

Some Medigap policies offer additional benefits.

Medicare Supplement insurance plans do not generally cover:

  • Prescription drug coverage (Part D)
  • Dental care
  • Vision services
  • Hearing services

The federal Medicare program requires that you sign up for Original Medicare through Social Security when you turn 65. Otherwise, you may incur late enrollment fees. Once you have Medicare Part A and Medicare Part B, you can join a Medigap plan in Colorado.

Is Plan G the Best Medigap Plan in Colorado?

How Much Does Plan G Cost in Colorado?

Sample Profile

  • 65 years old
  • Female
  • Nonsmoker

Sample Pricing

Zip Code and County Premium Range Average Premium
80020 Boulder County $110.53 – $190.02 $149.70
80915 El Paso County $112.41 – $190.02 $142.05

What Is the Plan G Deductible In 2021?

You do not have to pay a deductible for Plan F. With Plan G, you do have to pay the Part B deductible, which is $203 in 2021.

Deductibles for your Medicare Part D plan (prescription drug plan) are your responsibility as well.

What Does It Cover?

Related Topics

Ready to learn more?

My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the process of plan selection. We work closely with some of the nations top rated carriers such as Aetna, Cigna and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.

Colorado Medicare Resources

State Links

Colorado Enrollment Statistics

  • The five largest counties in Colorado are Denver County, El Paso County, Arapahoe County, Jefferson County, and Adams County.
  • There were approximately 550,000 ColoradoOriginal Medicare beneficiaries in 2018.
  • More than 300,000 Colorado Medicare recipients enrolled in Medicare Advantage or Medigap plans in 2018.
  • In 2015, more than 150,000 Medicare beneficiaries were enrolled in Medicare Supplement plans in Colorado. Approximately 70 percent of those Medigap enrollees chose Plan F.
Key Take Aways
  • There are 10 Medicare Supplement Plans in Colorado to choose from.
  • In Colorado, Medicare Supplement Plan G is the most popular plan.
  • Medigap Plans do not use a network, go wherever Original Medicare is excepted
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