Find 2019 Medicare Plans in Colorado - CO Medicare Insurance Overview

Medicare Insurance in Colorado

Compare every Medicare plan in your area

Please select the correct zip

Colorado Medicare Insurance

Colorado Medical Insurance Stats

Medicare in Colorado

Medicare offers healthcare coverage to Colorado residents age 65 or older, or to those Colorado residents that suffer from certain medical disabilities. In 2016, 804,000 people are enrolled in Medicare in Colorado, accounting for 14.8% of the population in Colorado. In 2009 about $8,727 was spent per Medicare enrollee in Colorado, approximately 15.8% lower than the national average of $10,365. Between 2015 to 2030 the senior population in Colorado is expected to increase by an estimated 52.42% according to calculations based off of the 2000 Census. Therefore the number of eligible Medicare beneficiaries in Colorado is also predicted to grow.

Local Medicare Resources

Medicare beneficiaries and their caregivers can receive free, personal, and objective health insurance counseling through Colorado’s Senior Health Insurance Assistance Program (SHIP). A separate program called Senior Medicare Patrol (SMP) offers residents education and assistance on how to detect, avoid, and report cases of Medicare fraud, abuse, and/or waste.

Types of Medicare Coverag

Individuals that qualify for Medicare can sign up for Medicare Part A (hospital services) and Part B (medical services) through the Federal government. Part A is generally paid for by paycheck deductions from their working years (or their spouse's) but most Medicare beneficiaries pay for Part B through monthly premiums unless they qualify for financial assistance. If you are eligible for Original Medicare (Parts A & B) or if you are already enrolled in it, you also have the option to enroll in a Medicare Advantage Plan (Medicare Part C) instead of Original Medicare or add a stand alone prescription drug plan (Part D) to your current Original Medicare coverage. Original Medicare offers its beneficiaries flexibility in choosing their providers and you are not limited to a network. However, there is no limit on out-of-pocket medical expenses and you must always pay 20% coinsurance for medical service costs. Medicare Advantage and Medicare Part D insurance plans are sold by private insurance companies that have a contract with Medicare. Many Medicare beneficiaries will elect to enroll in a Medicare Advantage plan that includes prescription drug coverage or purchase a stand alone prescription drug plan to go with their Original Medicare coverage. Medicare Advantage plans require you to stay in network but some plans will also cover out-of-network care at a higher cost. Additional benefits of Medicare Advantage plans such as dental, vision, or hearing coverage can help reduce out-of-pocket expenses for seniors with certain medical needs.

Colorado 2017 Medicare Advantage Plans at a glance

Using CMS data HealthPocket found that:

  • The average total monthly premium for a 2017 Medicare Advantage plan in Colorado is $86.94, 39.15% greater than the national average of $62.48. 12.07% of 2017 Medicare Part C insurance plans in Colorado have a $0 monthly premium.
  • The maximum possible annual drug deductible in any 2017 Medicare Advantage plan with a drug component is $400, but in Colorado the average annual drug deductible for Medicare Part C insurance plans with drug components is $226.87. 14.12% of 2017 Medicare Part C insurance plans with a drug component in Colorado have a $0 annual drug deductible.
  • The average total monthly premium for a 2017 Medicare Advantage plan without a drug component in Colorado is $53.89. 10.48% of 2017 Medicare Part C insurance plans without a drug component in Colorado have a $0 monthly premium.
  • The average medical out-of-pocket limit for 2017 Medicare Part C insurance plans in Colorado is $5,748.88. 7.63% of 2017 Medicare Advantage plans in Colorado had a medical out-of-pocket limit of $3,400 or less.

To assist seniors in choosing Medicare plans, CMS assigns star ratings to Medicare Part C and Part D plans each year based on preventive care, chronic condition management, customer service, member satisfaction, and drug pricing. Ratings range from 1 star (a poor plan) to 5 stars (an excellent plan).

  • The average overall CMS star rating assigned to Medicare Part C insurance plans in Colorado was 4.0 stars in 2014.
  • Among Colorado's 2014 Medicare Advantage plans with CMS star ratings:
    • 5.47% earned a score of 5 stars
    • 9.45% earned a score of 4 or 4.5 stars
    • 78.70% earned a score of 3 or 3.5 stars
    • 5.47% earned a score of 2.5 stars
    • 0.91% of plans are too new to be measured

Sources:

Data on Medicare eligibility, enrollment, and spending by state from Kaiser Family Foundation

There are 22 Medicare insurance providers that offer affordable and comprehensive Medicare insurance in Colorado. Of these, the companies that offer the largest variety of plans to choose from are Humana, UnitedHealthcare, and Aetna. In Colorado,Rocky Mountain Health Plan has the largest selection of Medicare Advantage plans while Humana offers the most Medicare Part D plans. The following are all medicare insurance providers in Colorado:

Humana

10 Plans

Aetna

6 Plans

Friday Health Plans of Colorado

4 Plans

WellCare

3 Plans

HCSC INSURANCE SERVICES COMPANY

3 Plans

Cigna

3 Plans

UNITEDHEALTHCARE INS. CO. & UHC INS. CO. OF NY

2 Plans

OMAHA HEALTH INSURANCE COMPANY

2 Plans

Clear Spring Health

2 Plans

Blue KC

2 Plans

HealthPocket is a free information source designed to help consumers find medical coverage. Whether you are looking for Medicare, Medicaid or an individual health insurance plan, we will help you find the right healthcare option and save on your out of pocket healthcare costs. We receive our data from government, non-profit and private sources, and you should confirm key provisions of your coverage with your selected health plan. If you select a plan presented on our site, you will be directed (via a click or a call) to one of our partners who can help you with your application. Our website is not a health insurance agency and not affiliated with and does not represent or endorse any health plan.