How much does a Medicare Supplement Insurance Plan Cost In Fort Collins, Colorado?
How much does a Medicare supplement plan cost in Fort Collins, Colorado? Well, that depends upon a variety of factors. Generally, Medicare supplement plan monthly
premiums run slightly higher in Colorado than they do in other mid-western states. But there are other factors that have a far greater impact on price.
Below is a list of factors that impact the premium rates of Medicare supplement insurance in Colorado. They are ordered from the most significant impact, to the least:
- Plan Type
- Age
- Company
- Tobacco Use
- Health Status
Plan Type
The most significant factor is the plan type that you choose. For example, the monthly premium of a plan type "F" is going to be significantly higher than the monthly premium of a "high deductible plan type F". This is because each Medicare supplement plan type offers a different benefit structure. All supplement plans are designed to cover medical costs that are not covered by traditional Medicare. However, some plans pick up more medical costs than others. These benefit differences are reflected in the monthly premium.
Age
With very few exceptions, the older you are, the higher your monthly premium.
Good to know: Ask for samples. Your doctor's cupboards are full of free drug samples, courtesy of the pharmaceutical industry. If your child is getting shots, ask for a trial size pain reliever in case he needs it later. If you're trying a new antibiotic or rash cream, your physician may even have enough samples to cover your course of treatment. Also, check out the drug company's Web site, which sometimes offers coupons or free samples.
courtesy of Parents.com
courtesy of Parents.com
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| Banner Fort Collins Medical Center 4700 Lady Moon Dr Fort Collins, CO 80528 Telephone: (970) 821-4000 Plus Code: GXCR+HH Fort Collins, Colorado |
Company
In Fort Collins, Medicare supplement insurance monthly premiums can vary wildly depending upon which insurance company you buy the plan from. The fact that plan benefits may be exactly the same, does not mean the monthly premium will be. While traditional Medicare is a government program, Medicare supplement insurance plans are offered by private insurance companies. These companies get to set the pricing of the plans they offer.
Tobacco Use
Most insurance companies in Colorado will charge a slightly higher monthly premium for Medicare supplement coverage if you smoke or chew tobacco.
Health Status
In some cases, if you are not enrolling within the open enrollment - guarantee issue time frame for Medicare supplement coverage, some companies in Colorado will charge you a higher rate if you have specific medical issues. Please contact us if you have questions concerning this.
Insurance companies offering Medicare Supplement and Medicare Advantage plans in Colorado include:
- AARP
- Blue Cross Blue Shield
- Kaiser
- Mutual of Omaha
- United of Omaha
- Humana
- Cigna
- Medico
- Combined
- Gerber
- Sentinel Life
On Average For 2024
In Fort Collins, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $113.00 - $140.00.
In Fort Collins, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $120.00 - $157.00.
Good to know: Just because your doctor writes you a prescription doesn't mean you can fill it. Expensive medications for treatment of certain cancers, diabetes, liver disease, and a host of other maladies can cost patients tens to hundreds of thousands of dollars if the insurer does not cover the drugs. But even if the drugs are covered, insurers have been known to try to stall, just to see if the patient will come up with the money to pay for the drugs rather than wait on the insurer's approval. What can we say? It happens.
Have questions concerning Medicare supplement or Medicare Advantage coverage? Allow our experts to assist. We are just a phone call away.
Other articles:
Is Short-Term Health Insurance Right For You?
Affordable Health Insurance in Fort Collins,CO.
4 Important Steps to Getting Medicare Insurance Coverage in Colorado
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