How much does a Medicare Supplement Insurance Plan Cost In Longmont, Colorado?
How much does a Medicare supplement plan cost in Longmont, 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: You shouldn't promptly pay medical bills. Yes, you read that right. The reason is, healthcare providers tend to send bills well before the insurance company has decided what part of the claim they are obligated to pay. The average person sees a bill and thinks they are obligated to pay it. This couldn't be further from the truth. Health care companies routinely shoots out bills to everyone one involved - regardless of who is actually responsible for paying it. You need to know what the insurer is going to pay before you do anything. Our advice? Don't pay a dime until you get an EOB (Explanation of Benefits) from your insurer that explains your claim and how much they are paying.
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| UCHealth Longs Peak Hospital 1750 E Ken Pratt Blvd Longmont, CO 80504 Telephone: (720) 718-7000 Plus Code: 5W6R+MM Longmont, Colorado |
Company
In Longmont, 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:
- AARP
- Blue Cross Blue Shield
- Kaiser
- Mutual of Omaha
- United of Omaha
- Humana
- Cigna
- Medico
- Combined
- Gerber
- Sentinel Life
On Average For 2024
In Longmont, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, female applicant would be: $124.00 - $159.00.
In Longmont, Colorado, for a standard plan A, the average monthly premium for a 65 year old non-tobacco, male applicant would be: $138.00 - $180.00.
Good to know: Talk to an independent agent. An independent insurance agent is an essential resource when purchasing insurance. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price.
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 Longmont,CO.
4 Important Steps to Getting Medicare Insurance Coverage in Colorado
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