How much does a Medicare Supplement Insurance Plan Cost In Aurora, Colorado?
How much does a Medicare supplement plan cost in Aurora, 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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| UCHealth University of Colorado Hospital 12605 E 16th Ave Aurora, CO 80045 Telephone: (720) 848-0000 Plus Code: P5R5+X6 Aurora, Colorado |
Company
In Aurora, 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 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 Aurora, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $107.00 - $135.00.
In Aurora, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $113.00 - $161.00.
Good to know: Many plans don't provide drug benefits, or discounts, even on generics, until you reach your deductible, which is often in the thousands of dollars. Instead of just accepting your insurance plan's lousy prescription drug benefit, try using websites such as Blinkhealth.com or Goodrx.com to shop around for the best price for your medication in your area.
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 Aurora,CO.
4 Important Steps to Getting Medicare Insurance Coverage in Colorado
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