Medicare Advantage Pans in Colorado

This website contains basic information about Medicare Advantage Plans in Colorado.

What is Medicare?

Medicare is the national health insurance program for people 65 years of age and older. Some people under the age of 65, such as people with disabilities, people with persistent renal failure or amyotrophic lateral sclerosis (Charcot’s disease), can participate in the Medicare program. The program helps pay for medical care, but it does not cover all medical expenses or the cost of most types of long-term care.

Parts of Medicare program

Medicare program in Colorado includes four parts:

1. Hospitalization insurance (also called Part A) helps pay for hospital stays and treatment for the elderly and disabled with qualified nursing care (after discharge from the hospital), as well as some types of home care and hospice service;
2. Health insurance, also called Part B, pays for medical services and many other medical services, as well as medical supplies not covered by hospitalization insurance;
3. Medicare Part C was previously known as Medicare + Optional Plans. People with Part A and B Medicare programs can choose to receive all types of medical care and treatment through one of the available medical organizations through Part C;
4. Part D prescription drug coverage insurance helps with the medication prescribed by your doctor for treatment.

What is a Colorado Medicare Advantage plan?

A Colorado Medicare Advantage plan offers an alternative way for beneficiaries who are currently enrolled in Original Medicare, Part A and Part B, to get that coverage. Most Medicare Advantage plans also include Medicare Part D (prescription drug coverage). In Colorado, Medicare Advantage Plans are perfect for your wallet!

Average costs of Medicare Advantage in Colorado

The current monthly premium for a Medicare Advantage plan in Colorado is $20 per month.

There are 146 different Colorado Medicare Advantage plans with $0 monthly premiums:

• Average monthly premium cost – $20;
• Average in-network out-of-pocket spending limit – $4,773;
• Average deductible –  $118.37.

Is a Colorado Medicare Advantage Plan right for you?

A Colorado Medicare Advantage Plan right for you if:

• You’re enrolled in Original Medicare (Parts A and B) in Colorado;
• You want access to extra benefits that Original Medicare doesn’t cover (like extra dental services and eye care services);
• You’d like to save money by using health care providers;
• You’d like to have the lowest premiums and copays;
• You want to pay fewer bills;
• You want to have medical and prescription coverage in one plan.

Choosing a Medicare Advantage plan in Colorado

There are many Medicare Advantage plan in Colorado but the major types include:

• Health Maintenance Organization (HMO);
• Preferred Provider Organization (PPO);
• Private Fee-For-Service (PFFS);
• Special Needs Plan (SNP).

Best Colorado Medicare Resources

Colorado Savings Programs;

• CMS: Centers for Medicare and Medicaid Services;
• Medicare.gov;
• Colorado Savings Programs;
• Services for Older Adults.