Best Medicare Supplement Plans in Colorado for 2019

Are you wanting to compare the best Medicare Supplement plans in Colorado for 2019?  You are not alone as they are very popular among many of the Original Medicare recipients in the state. You might currently be covered by Medicare yourself, and you might have even looked into Medicare Part D drug plans to help cover your prescription drug costs. You may not have explored the Medicare Supplement plans in Colorado just yet, but once you learn a little more about these plans and how they can reduce your out-of-pocket costs for healthcare, you might be more than a little bit interested.

Best Medicare Supplement Plans in Colorado for 2019: Benefits Overview

Medicare Supplement plans in Colorado are designed for those who like being enrolled under Original Medicare but who are looking for a little more coverage. Unlike with Medicare Advantage plans, you will still have Medicare and everything that it includes. However, in exchange for modest premiums, you can get help with deductibles, copayments and more.  You should note that you will need to continue to pay your Medicare Part B premium in addition to your monthly premium for your Supplement.

Many people wonder what types of things are covered by these plans. You should compare benefits and coverage among different plans to choose the best one for your needs for 2019, but these are some of the things that these plans cover in addition to the Medicare benefits that you get through Original Medicare already:

  • Skilled Nursing Facility
  • Home Health Care
  • Medicare Part A and Part B deductibles
  • Original Medicare’s coinsurances
  • Part B Excess Charges
  • Medicare Part B Deductible
  • Foreign Travel
  • Medicare Approved medical services

Keep in mind that neither Original Medicare nor Medicare Supplement plans include a Medicare prescription drug plan.  You will need to purchase the Medicare Part D plans separately as a stand-alone plan.  It is not required that you have prescription drug coverage, however, you can be penalized for each month you go without it while being Medicare eligible.

Medicare Supplement Plans in Colorado: Enrollment Statistics

Colorado residents know that to have help paying for preventive care, illness care and more, it’s smart to sign up for the best Medicare Supplement plan in Colorado that they can for 2019. Residents from these top five counties and counties from all of the smaller communities in Colorado have taken advantage of Medigap plans in Colorado:

  • Denver
  • El Paso
  • Arapahoe
  • Jefferson
  • Adams

If you’d like to know a little more about who is signing up for Medicare Supplement insurance plans in Colorado in order to enjoy more than just the standard Medicare benefits, consider these statistics about Medigap policies in The Centennial State:

  • Statistics from 2017 show that there were 523,000 Medicare beneficiaries living in Colorado at the time. This number includes those with Medicare Part A, Medicare Part B or both.
  • Medigap plans are very popular in Colorado, with more than 164,000 Colorado residents as a recipient of one of these plans the same year. Medicare Supplement plan data was not available for 2019 at the time this article was written
  • As is the case in many states, Plan F is the most popular of the Medicare Supplement plans in Colorado. In fact, more than 119,000 of 164,000 of those enrolled in any Medicare Supplement insurance plan in 2017 were enrolled in Part F through their insurance company.

You can become a part of one of these numbers by signing up for the best Medicare Supplement plan in Colorado for you in 2019 by simply paying a modest monthly premium. In addition to being a beneficiary of a health plan through a health insurance provider, you may also want to pay the reasonable rates for a prescription drug plan to save even more money, too.

How Many Medicare Supplement Plans are Available in Colorado for 2019?

You’ll need to research the best rates and benefits of each type of 2019 Medigap plan to choose the one that is best for managing your health care costs. Many people find that Plan F is the best option for them as it is the most popular plan. However, you can choose from these 10 plans from a Medicare insurance company:

Each plan has different rates and offers something a little different. There are also high deductible versions of Medicare Plan F and Plan G.  Since your budget and healthcare needs are as unique as you are, you shouldn’t immediately sign up for the most popular plan, even though you might later find that it’s the best Medicare Supplement plan for you. Instead, do some online research or talk to someone from an insurance company that you trust so that you can choose your ideal plan for 2019.

Best Medicare Supplement Plans in Colorado: When Can I Enroll?

First of all, you should know that before you can sign up for a Medicare Supplement insurance plan in Colorado for 2019, you will need to be enrolled in Medicare Part A and Part B. For many, this is beneficial anyway so that you can maximize the benefits that are available to you through Medicare.

During the first six-month period after you enroll in Medicare Part B and are 65 years of age, you will be in the Medigap Open Enrollment Period or the Initial Enrollment Period. This is important to note if you’re hoping to sign up for the best Medicare Supplement plan in Colorado that you can find.

You do not actually have to sign up for Medigap plans in Colorado during this period. It’s ideal to do so for a few reasons, though. For one thing, you don’t have to worry about being turned down for coverage because of pre-existing conditions if you sign up during this period. You can also often get lower rates if you have health conditions.

If you missed your Open Enrollment Period to sign up for one of the Medigap plans in Colorado, you shouldn’t give up on the idea of having this additional coverage for 2019, however. One of the Medicare Supplement insurance plans is probably still available for you, although you might have to compare rates and premiums and shop around for an insurance company that will accept your application.

Best Rates for Medicare Supplement Plan In Colorado for 2019

Are you thinking about getting a Medigap policy but are unsure of how much it will cost? If so, check out some of these affordable Medicare Supplement rates in Colorado that we found for a 65-year-old woman who is not a tobacco user and who lives in Denver County with an 80123 ZIP code.

Be sure to compare Plan F and Plan G rates as well!

We suggest these three top providers to a lot of seniors for 2019 because for the following reasons:

  • A ratings and strong financial backings
  • Affordable Medicare Supplement rates in Colorado
  • Fast claim payments

Other popular companies that offer Medicare Supplement insurance plans in Colorado for 2019 include Humana, and Anthem Blue Cross.

Note:  Medicare Advantage Plans are not the same as Medicare Supplement plans.  Medicare Advantage plans are replacement plans that often require the use of HMO and PPO in-network health care providers.  CMS also assigns star ratings to these types of plans.  If you’re confused by the difference or need assistance feel free to contact one of our licensed agents to answer questions.

Colorado Medicare Resources

There are a lot of resources that you can use if you want to learn more about finding the best Medicare Supplement insurance plans in Colorado.  Also, there are programs available for those with special needs for both health conditions and financial assistance.  You can contact your state’s Medicaid office or utilize one of the following: