|Plan Type||Est. Premium*|
|Medigap Plan A:||$61.87||(shop rates)|
|Medigap Plan B:||$118.40||(shop rates)|
|Medigap Plan C:||$141.85||(shop rates)|
|Medigap Plan F:||$142.37||(shop rates)|
|Medigap Plan K:||$56.27||(shop rates)|
|Medigap Plan L:||$87.95||(shop rates)|
|Medigap Plan N:||$101.60||(shop rates)|
*Premiums shown are samples for a 65 year old, non-smoking woman in Colorado. You must request a quote to get an exact premium for your situation.
The Colorado State Board of Insurance has licensed AARP HealthCare Options (United Healthcare Insurance Company) to sell UnitedHealthcare Medigap plans (Medicare Supplement insurance) to Colorado seniors with Medicare benefits. A Medicare Supplement protects you from hospital and doctor bills, including deductibles, copayments and coinsurance, that Original Medicare does not pay. This insurance carrier has participated in the supplement insurance market for 14 years and offers a range of plans for Colorado seniors (see plans offered below). UnitedHealthcare received an A rating from A.M. Best Company, the leading provider of credit ratings and financial data for the insurance industry.
All insurance companies that sell Medicare Plans must offer Plan A. This is the most basic policy covering the portions of Medicare Part A and Part B that the government doesn’t pay.
Colorado seniors with Medicare benefits are eligible to apply for a AARP HealthCare Options (United Healthcare Insurance Company) Medigap Plan A policy. It's a Issue Age based premium. We recommend comparing this company's Plan A rate with these carriers:
- Globe Life Medigap Plan A (Colorado)
- United Commercial Travelers Medigap Plan A (Colorado)
- Sentinel Security Medigap Plan A (Colorado)
Plan B is available in most states. It covers basic benefits plus your Skilled Nursing coinsurance, but nothing else. In some rare cases, the premium for this policy could make it worth taking on the risk of those things not covered. Most people find a better alternative by choosing a Plan D, G, or H at a similar price.
You can get Plan B in Colorado from AARP HealthCare Options (United Healthcare Insurance Company). They use the Issue Age cost method to calculate their monthly rates. Before making your final decision, you might want to compare premiums with these carriers:
- Sentinel Security Medigap Plan B (Colorado)
- Central States Medigap Plan B (Colorado)
- United Commercial Travelers Medigap Plan B (Colorado)
Plan C covers every penny of what Medicare approves, up to the approved payment amount. In other words, there are only two instances in which Plan C will not cover what is left of your charges after Medicare pays its share. The first instance is when Medicare doesn’t approve the charge at all. The second is when your healthcare provider charges more than the Medicare approved amount. This is because Plan C does not cover Medicare Part B Excess Charges.
If you take care to avoid the Medicare Part B excess charges, this is an attractive policy, and AARP HealthCare Options (United Healthcare Insurance Company) offers it in Colorado. The monthly premium is calculated using the Issue Age cost method. Before you make a final decision, be sure to compare. Here are a few companies with good rates:
- Sentinel Security Medigap Plan C (Colorado)
- Central States Medigap Plan C (Colorado)
- United Commercial Travelers Medigap Plan C (Colorado)
Plan F is the most popular of all supplements. It offers comprehensive coverage for everything Original Medicare doesn’t cover as long as the charge is approved.
There are No Co Pays, No Deductibles and No Out of Pocket Costs with Plan F. That means if your Medicare Part A or Part B pay a penny on any doctor or hospital charges, this policy will cover the gap. Period.
The two gaps that are not covered are At Home Recovery and Preventative Care. These expenses are not covered by Medicare at all.
Plan F is by far the most commonly purchased Medicare supplement in Colorado. AARP HealthCare Options (United Healthcare Insurance Company) offers a good Medigap Plan F, however, don't forget to compare prices. Make sure you're getting the lowest premium available in Colorado by comparing quotes from these insurance carriers:
- Sentinel Security Medigap Plan F (Colorado)
- Medico Medigap Plan F (Colorado)
- Heartland National Medigap Plan F (Colorado)
Plan K covers the cost sharing for Part B preventive services, the Part A hospital co-insurance and features an additional 365 days of hospital coverage. Plan K covers 50% of the Part A and Part B blood deductibles, the Part B co-insurance, the skilled nursing facility co-insurance, cost sharing associated with the hospice benefit, and the Part A hospital deductible.
Once you reach a total out-of-pocket limit of $4,940 (2015 rates), this plan pays 100% of all cost sharing under Medicare Parts A and B for the rest of the calendar year. If you need to manage your cash flow, Plan K is one way to do it.
Healthy seniors who can take some financial risk should take Plan K into consideration. It's a good alternative to Medicare Advantage. Your risk is about $5,000 per year in out-of-pocket costs. Plan K is offered by AARP HealthCare Options (United Healthcare Insurance Company) in Colorado. Premiums for a Plan K policy vary a lot so be sure to compare with these carriers:
- Transamerica Medigap Plan K (Colorado)
- American Republic Corp Medigap Plan K (Colorado)
- Humana Medigap Plan K (Colorado)
Plan L offers many of the same basic benefits as other plans at a much lower monthly premium. The low premium is available because Plan L covers less of the copayments and coinsurance than other supplemental plans. The good news is that you are covered by an annual out-of-pocket maximum, which limits the amount you will be required to pay, should you need the care.
Plan L is a good option if you need a policy with an affordable premium, but still want a reasonable amount of coverage for a wide variety of services. Plan L is like Plan K, but it covers a higher percentage of your costs, has a lower annual out-of-pocket limit ($2,470 in 2015), and the monthly premium is only slightly higher.
The Medigap Plan L offered by AARP HealthCare Options (United Healthcare Insurance Company) offers all of the basic benefits and pays 75% of your deductibles, skilled nursing care and blood. You are required to pay the Medicare Part B excess charges, and the plan does not offer coverage when you travel outside of the United States. The maximum out of pocket limit for Plan L is about $2,500 (compared to as much as $6,700 with Medicare Advantage). Compare AARP HealthCare Options (United Healthcare Insurance Company)'s Plan L with the premiums from these carriers:
- Thrivent Financial Medigap Plan L (Colorado)
- American Republic Corp Medigap Plan L (Colorado)
- Everence Association Medigap Plan L (Colorado)
Offering benefits similar to Plan D, Plan N features a $20 co-payment for doctor visits and a $50 co-payment for emergency room visits. These co-pays are applied once the annual deductible is met. Most Plan N premiums are approximately 70% of a Plan F and 77% of Plan D premiums.
Plan N gives you all of the basic coverage benefits, plus it pays your Medicare Part A deductible. You pay the Part B deductible and the Part B excess charges. You are also responsible for a $20 co-pay when you visit the doctor and up to $50 for each emergency room visit. If saving money is your goal, this plan will help. Compare premiums with these carriers before you buy:
- Sentinel Security Medigap Plan N (Colorado)
- Heartland National Medigap Plan N (Colorado)
- United Commercial Travelers Medigap Plan N (Colorado)
You are eligible to apply for a UnitedHealthcare Medicare Supplement if you are:
- A resident of Colorado,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over.
UnitedHealthcare offers plans in Denver, Aurora, Colorado Springs and most other areas of the state.
This page is maintained by 9/22/2015.and was last updated on