Best Medicare Supplement Plans in Colorado
Medicare Supplement plans help cover expenses that Original Medicare doesn't cover. There are ten Medicare Supplement plans available in Colorado.
- Of the ten plans offered in 2024, we found Medicare Supplement Plan G is the best plan for the most comprehensive coverage. Cigna offers the cheapest Plan G rates, coming in at $132 per month.
- Mutual of Omaha offers the highly valued Medicare Supplement Plan N at $88 monthly.
- And for those wanting the lowest monthly rate, High Deductible Plan G from Mutual of Omaha offers the best rates at $55 per month. You must pay a $2,700 annual deductible before the plan starts covering costs.
Below are highlighted features and benefits of each plan.
Cigna Medicare Supplement Plan G
- Cigna Medicare Supplement Plan G offers the most comprehensive coverage, as well as numerous benefits. From copayments to coinsurance, it will cover nearly all of your out-of-pocket costs except for the deductible associated with Medicare Part B.
When you choose Plan G, there are several advantages to be aware of:
- With Plan G, you're covered for Part B excess fees, the Medicare Part A deductible and all coinsurance costs associated with Part B.
- No referrals required.
- Enjoy the comfort of selecting any healthcare provider that works with Original Medicare.
Plan Cost: $132
*Quotes for a 65 year old non smoking female, in zip code 80001.
Mutual of Omaha Medicare Supplement Plan N
- If you're looking for a more affordable option, Mutual of Omaha Medicare Plan N is an excellent choice - boasting lower premiums than both Medicare Plans F and G.
When selecting Plan N, you gain access to a host of benefits including the following:
- Skilled nursing facilities
- $0 Part A deductible
- Foreign travel emergency healthcare
- Maximum $20 copay for office visits
- Maximum $50 copay for an ER visit (waived if admitted)
Out Of Pocket Expenses:
- Must pay Part B deductible
- Must pay Part B excess charges
- Must pay copays for office visits and ER visits
Plan Cost: $88
*Quotes for a 65 year old non smoking female, in zip code 80001.
Mutual Of Omaha High Deductible Plan G
Plan Cost: $55
*Quotes for a 65 year old non smoking female, in zip code 80001.
Cigna Medicare Supplement Plan F
- Cigna Medigap Plan F is all-inclusive coverage
- Includes Medicare Part B deductible
- Limited access: Not available if your Medicare effective date is January 1, 2020, or later
Plan Cost: $143
*Quotes for a 65 year old non smoking female, in zip code 80001.
What's the Best Medicare Supplement Company in Colorado?
Based on our review of several key factors, Cigna is the best Medicare Supplement company in Colorado.
While Cigna Medigap plans tend to be more affordable in Colorado, it's not the only factor when selecting the best Medicare Supplement company. For example, depending on your plan letter of choice, one provider might offer Plan N at a lower cost but may be pricier for Plan G; every insurer has its own set of advantages and drawbacks depending on their levels of coverage.
For this reason, Cigna remains our top selection during the review process due to its affordability, expansive range of plan choices, household premium discounts, and high customer satisfaction rates.
This chart compares different Medicare Supplement companies to Cigna that are also available in Colorado, including sample premiums, ratings, and market share:
Cigna
Market share: 5.67%
Plan G cost: $132
Plan N cost: $90
Financial strength: A
Mutual of Omaha
Market share: 9.09%
Plan G cost: $135
Plan N cost: $88
Financial strength: A+
Aetna
Market share: 5.64%
Plan G cost: $161
Plan N cost: $104
Financial strength: A
United Healthcare
Market share: 47.01%
Plan G cost: $129
Plan N cost: $111
Financial strength: A
How Much Does a Medigap Plan Cost in Colorado?
The best price for Medicare Supplement Plan G in Colorado is $132 per month with Cigna.
Your age and plan choice will have the most significant impact on your premium.
Here you can see how the prices compare for several different plans:
Medigap Plan
Plan F
Plan G
Plan N
High Deductible G
Plan A
Plan K
Monthly Cost
$143
$132
$88
$55
$93
$43
Plan Popularity in Colorado
60%
45%
25%
15%
8%
-1%
Quotes are for sample purposes only. Prices are the average monthly rate in Colorado for a 65-year-old female nonsmoker. Part B start date and or medical underwriting may affect your rate.
When Can I Apply for a Medicare Supplement Plan?
Open Enrollment Period
Your Open Enrollment Period is the best time to enroll in a Medicare Supplement Plan. This period is six months long and starts the first month that you have Medicare Part B coverage and are 65 or older.
The 6-month enrollment period cannot be postponed or repeated. Medicare beneficiaries receive the best rates inside this six-month window and have guaranteed issue rights, which means the Medicare insurance company cannot deny coverage or increase prices, even if beneficiaries have pre-existing conditions.
Outside the Medigap Open Enrollment Period
Once your Medigap Open Enrollment Period ends, your application is reviewed by a medical underwriting team assigned to evaluate risk. Private insurance companies can approve policies at higher rates or deny coverage altogether.
This is not applicable if you have guaranteed issue rights, which can be applied in situations such as a retiree losing coverage or having a plan that no more extends services in your area. These unique situations are called Special Enrollment Periods.
In that case, the Medicare insurance company has to offer you the following:
- At least one type of Medicare Supplement insurance plan in Colorado
- Cover pre-existing conditions
- Offer pricing irrespective of your health condition
When Under 65
Guaranteed issue rights apply to Colorado beneficiaries under 65 who have:
- A qualifying disability
- End-stage renal disease (ESRD)
Ready to Learn More?
We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with some of the nation's top-rated Medigap carriers. So give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state.
FAQ
Aetna, Mutual of Omaha, and Cigna are among the most popular choices. Not only do they offer a wide range of plans that cover a variety of different needs, but they also have solid reputations for providing excellent customer service.
Medicare Supplement plans in Colorado range from $55 to $250 per month for an individual policy. The cost of Medicare Supplement plans in Colorado varies widely depending on the type of plan and the insurance carrier you choose.
It is typically $132 - $198 per month, depending on the insurance provider, although this rate can vary significantly from region to region.
Medicare Supplement plan members can switch Medigap policies at any time. However, insurance companies can ask health questions and require underwriting, potentially raising your insurance prices.
If you miss the Medigap Open Enrollment Period and do not qualify for guaranteed issue rights, an insurer may deny coverage under Medigap based on your health conditions.
For over 15 years, Matt Kiggins has been the senior editor at Simple Advisor, giving detailed advice on Medicare, life insurance, and dental coverage to thousands of clients in more than forty states. His demonstrated expertise in assisting people with their health plan selection is remarkable — it’s evident that he stands out among competitors as the go-to source for knowledge and support.
Matt holds a resident 2–15 Florida Health & Life (Including Annuities & Variable Contracts) Agent License in Florida, his state license number is P116762 (Issued 10/1/2007).
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Please note that the average quotes provided are for demonstration purposes only. Your actual premiums will be determined based on several factors such as your health conditions, age, location, tobacco status, gender, and insurance provider.
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