Explore Medicare Supplement Plans in Colorado: Your Ultimate Guide for 2025

Medicare Supplement Insurance, commonly known as Medigap, is designed to fill the financial gaps left by Original Medicare (Parts A and B). It provides essential coverage that helps manage out-of-pocket expenses for Colorado residents enrolled in Medicare.

Living in Colorado means you have access to a wide variety of Medicare supplement plans tailored to fit diverse healthcare needs.

What Exactly is Medicare Supplement Insurance?

Here’s a concise breakdown of Medicare Supplement Insurance:

• Offered by Medicare-approved private insurance companies.
• Eligibility requires enrollment in both Medicare Part A and Part B.
• These plans cover costs that Original Medicare doesn’t fully pay, such as copayments, coinsurance, and deductibles.
• Medicare supplement plans cannot be combined with Medicare Advantage (Part C) plans.
• There are 10 standardized plan types labeled A, B, C, D, F, G, K, L, M, and N, with uniform benefits nationwide except in Massachusetts, Minnesota, and Wisconsin where special rules apply.
• Plans C and F are no longer available to individuals who became eligible for Medicare on or after January 1, 2020.
• During the first 6 months after enrolling in Part B, insurance companies must offer coverage regardless of health status.

Medicare Supplement Plan Options in Colorado

Since Medicare supplement plans have standardized benefits, the core coverage you receive in Colorado matches that offered across the country.

The primary variation among plans from different insurers lies in monthly premiums and potential additional benefits.

Colorado residents can choose from all 10 Medicare supplement plans, including high deductible versions of Plans F and G. Popular plans like A, F, G, and N are widely available.

Leading providers offering Medicare supplement plans in Colorado include:

• AARP (UnitedHealthcare)
• Ace Property and Casualty
• American Heritage
• Anthem Blue Cross and Blue Shield of Colorado
• Cigna
• Humana
• Medico
• Mutual of Omaha
• Old Surety
• State Farm
• Transamerica
• United American
• USAA

Understanding Medicare Supplement Plan Costs in Colorado

Premium costs for Medicare supplement plans in Colorado vary depending on factors such as the insurance provider, your age, gender, and tobacco use.

According to recent research by the Kaiser Family Foundation (KFF), the average monthly premium for a Medicare supplement plan in Colorado was approximately $200 in 2023.

The Colorado Division of Insurance and State Health Insurance Assistance Program (SHIP) provide resources to compare estimated premiums by age group across the state.

For the most accurate and personalized premium quotes, use Medicare’s official coverage finder tool or contact insurance companies directly to tailor options based on your individual profile and location.

Most Popular Medicare Supplement Plans Among Colorado Residents

Data from KFF reveals that nearly 47% of Colorado Medicare beneficiaries who have Original Medicare also carry a Medicare supplement plan.

Nationally, Plans F and G dominate the market, representing about 75% of all Medicare supplement policies sold.

For personalized guidance and to explore your Medicare supplement options further, reach out to your local State Health Insurance Assistance Program (SHIP) in Colorado.

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