Colorado Medigap policies are straightforward. With identical plans as found in 46 other states and only one main enrollment period, Medigap plans in the Centennial State are beyond simple. We have created a side-by-side CO Medigap comparison chart and answered just about every question you could think of below.
New to Medigap? Click here for a good overview of Medigap
Who can enroll in a CO Medigap policy?
The following may enroll in a Medigap plan:
- 65 and older: All plans available in your area
- Under 65 due to a disability: Must offer plans, however, not all plans may be offered and can be significantly more expensive. Learn more about Under 65 Medigap policies
When should you enroll in a Colorado Medigap plan?
We cannot stress enough that you should enroll in your Colorado Medigap plan as soon as you enroll in Medicare Part B. Most applicants have 3 months before they become Medicare-eligible and 6 months after to apply and are guaranteed to be approved at the best rate.
If you miss your Medigap Initial Open Enrollment period, you could be charged more, denied treatment based on preexisting conditions, or declined altogether.
Note: You can delay your Medigap enrollment if you keep working and have credible coverage from you job.
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Colorado Medigap Plans side-by-side comparison
While most people will qualify for the plans below, if you were Medicare Part B eligible before 2020, Medigap Plan C and Plan F still are options.
Medigap plans for those who qualified for Medicare Part B after January 1, 2020:
| Benefits | A | B | D | G* | K | L | M | N |
|---|---|---|---|---|---|---|---|---|
| Medicare Part A Deductible ($1,676) | 100% | 100% | 100% | 50% | 75% | 50% | 100% | |
| Part B Deductible ($257) | ||||||||
| Medicare Part A Hospital Coinsurance and 365 additional hospital days | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Medicare Part B Coinsurance | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| First 3 Pints of Blood for a Transfusion | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part A Hospice Coinsurance or Copay | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Skilled Nursing Facility Coinsurance | 100% | 100% | 50% | 75% | 100% | 100% | ||
| Medicare Part B Excess Charges | 100% | |||||||
| Foreign Emergency Healthcare | 80% | 80% | 80% | 80% | ||||
| Max Out-of-Pocket | $7,200 | $3,610 |
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*Medigap Plan G High deductible ($2,870) is also available.
What Medigap plan do most Coloradans choose?
This is simple! Most of our clients in Colorado enroll in Medigap Plan G. They find it offers the right covered benefits for Original Medicare A & B at the right price. Need help selecting a plan? Just give us a call.
Switching Medigap Plans in Colorado
Have you already purchased a Medicare Supplement Policy in Colorado but want to change it for some reason? You can do so, but be aware that it won’t be easy since this state does not have the Birthday Rule. In your state, AEP Open Enrollment (October 15 to December 7) doesn’t apply to Medigap plans. Switching generally requires medical underwriting.
In the new Med Supp application, you’ll answer around 20 health-related questions. Based on your responses, you might be approved at the best possible rate, or a higher one may apply. Certain pre-existing conditions may make you ineligible for the new plan. If you’re in this situation, you can call 800-930-7956, and a member of the Senior65.com team will provide free advice. It’s important not to cancel your old policy until you have secured a new one. Read more in our comprehensive article, “Medicare Insurance Switching: Ultimate Guide.”
Colorado Medigap Most Popular Plans
America’s Health Insurance Plans (AHIP) reports that over 230,000 Colorado residents now rely on MedSup plans. Plan F used to be a favorite, but it’s no longer open to new applicants. Meanwhile, Plan G has become the go-to option, winning over more than 118,000 enrollees with its great benefits and fair price.
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Do Colorado Medigap plans have discounts?
Yes, they do! The Centennial State offers Medigap discounts. Here are the typical CO Medigap discounts (although an individual insurance provider could provide others). Click on the links below to learn more about each type of discount.
Colorado Medicare Excess Charges
On the other hand, continuing with the previous topic, while it’s not a discount per se, you can save money by keeping Excess Charges in mind. Although Medicare Part B allows a 15% fee increase, certain Medigap plans, such as Plan G, foot the bill for you. Learn more in our article “How To Avoid Medicare Excess Charges.”
Can you keep your Colorado Medigap if you move out of state?
Good news! You can keep your plan if you are forced to move away from the best state in the nation. Medigap plans are portable and access Medicare’s national network no matter where you live. It will work in your new state just like it does in Corad. Your Medigap price may increase if you move out of state.
Next Steps for Colorado Medigap?
Get a Medigap Colorado quote and enroll today!
See, we told you it was simple! With that said, we know that sometimes things don’t go as smoothly as planned. Feel free to ask a question below or give one of our licensed agents a call at 800-930-7956.
Our agents can NEVER charge you a fee for their services. No insurance provider can offer the same Medigap plan for less than Senior65.com can.