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How much does a Medicare Supplement Insurance Plan Cost In Westminster, Colorado?


How much does a Medicare supplement plan cost in Westminster, 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:  Want to really know the particulars concerning a health care plan?  Request the "evidence of coverage" document associated with the plan.  The evidence of coverage document is what you need if you want to understand in perfect detail, exactly what a health care plan covers.  You will find a thorough explanation of benefits, exceptions, and exclusions.  The evidence of coverage document provides details that may not be listed in that glossy plan brochure, or any online verbiage detailing plan benefits.  In most circumstances, this document is legally required to be associated with most any health plan policy.  It is available to consumers.  You need only to ask.

Company
In Westminster, 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:

Westminster Castle, Westminster, Colorado
Westminster Castle, Westminster, CO
  • AARP
  • Blue Cross Blue Shield
  • Kaiser
  • Mutual of Omaha
  • United of Omaha
  • Humana
  • Cigna
  • Medico
  • Combined
  • Gerber
  • Sentinel Life

On Average For 2024

In Westminster, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $122.00 - $153.00.
In Westminster, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $125.00 - $162.00.

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.

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Other articles:
Is Short-Term Health Insurance Right For You?
Affordable Health Insurance in Westminster,CO.
4 Important Steps to Getting Medicare Insurance Coverage in Colorado
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