Compare Medicare Plans in Colorado (December 2024)

Key Takeaways:

• Colorado’s Medicare system provides diverse coverage options designed to serve both urban and mountain communities, with many Medicare Advantage, Medicare Part D, and Medigap options.
• Finding your best Medicare fit means evaluating your specific health requirements, preferred Colorado providers, financial situation, and lifestyle needs.
• Strategic research and careful comparison of Colorado’s Medicare options can help ensure you get the coverage you need at a price you can afford. National, local, and private resources are available to help.

Medicare provides essential healthcare security, but in a state where healthcare needs can vary dramatically between urban corridors and mountain communities, choosing the right Medicare coverage requires careful consideration.

This guide will help you understand the available Medicare plans in Colorado, break down costs and coverage options, and provide tips on making informed decisions about your healthcare future.

Types of Medicare Plans Available in Colorado

Medicare plans in Colorado differ, including federal and private coverage, each with a variety of costs and benefits.

Original Medicare (Part A and Part B)

Original Medicare is the federal government’s standardized healthcare program that allows you to see any doctor or hospital that accepts Medicare patients throughout Colorado and nationwide. This foundational coverage breaks down into two essential parts:

• Medicare Part A (Hospital Insurance): This covers inpatient hospital stays, skilled nursing facility care, some home health services, and hospice care. If you or your spouse paid Medicare taxes while working for at least 10 years, you likely qualify for premium-free Part A.
• Medicare Part B (Medical Insurance): This covers outpatient services, including doctor’s visits, preventive screenings, and medical equipment. Part B requires a monthly premium, which varies based on your income. The standard premium in 2025 is $185.

Understanding your costs is crucial with Original Medicare. Beyond the premiums, you’ll face a Part B deductible ($257 in 2025) and ongoing coinsurance. Part A, too, includes a deductible of $1,676 per benefit period. These out-of-pocket costs lead many Colorado residents to explore additional coverage options.

Medicare Advantage (Part C)

Medicare Advantage plans in Colorado reflect the state’s unique healthcare challenges, from ensuring healthcare access in mountain communities to providing coverage in metropolitan areas. These private insurance alternatives to Original Medicare help many Colorado residents receive their preferred healthcare options.

By law, Medicare Advantage plans must offer coverage equal to or better than what Original Medicare provides. Additional benefits may include prescription drug coverage, dental, vision, and hearing benefits, and more. Weigh these benefits against potentially higher premiums and deductibles.

While urban areas like Denver and Colorado Springs typically offer more plan choices, carriers have worked to expand access in rural and mountain communities. It’s important to check your plan’s network and coverage area.

In 2025, 120 Medicare Advantage plans are available in Colorado. Anyone in the state with Medicare has access to a Medicare Advantage plan, and nearly all (99.7%) will have access to a plan with a $0 monthly premium.

• The average monthly Medicare Advantage plan premium will reduce from $15.11 in 2024 to $12.20 in 2025.
• The lowest monthly premium for a Medicare Advantage plan is $0.

Top Medicare Advantage Plans in Colorado:

Data gathered via CMS.gov and direct provider plans. Comparison of plans from Colorado Zip Code 80301. Star ratings and plan information reflect publicly available data as of 2025.

Private insurers offering Medicare Advantage plans in Colorado include:

• Aetna
• United Healthcare
• Devoted Health
• Humana

Find Your Perfect Medicare Match in Colorado.

CoverRight’s expert advisors understand Colorado’s unique Medicare landscape. We’ll help you explore your options and find a plan that fits your lifestyle and healthcare needs – all while keeping your budget in mind. Get started today!

Medicare Prescription Drug Plans (Part D)

Medicare Part D plans in Colorado provide essential coverage for prescription drugs, whether you’re managing chronic conditions or need occasional coverage.

While you can choose a standalone Part D plan alongside Original Medicare, many residents find convenience in Medicare Advantage plans that include prescription coverage, simplifying their healthcare management.

Understanding your plan’s formulary is critical – these lists of covered drugs determine your out-of-pocket costs. Plans update their formularies annually, so reviewing your coverage during Open Enrollment helps ensure your medications remain affordable.

Many plans also offer preferred pharmacy networks, which can significantly impact your costs. If you have limited income and resources, you may qualify for Extra Help, a federal financial assistance program that helps pay for Part D costs.

In 2025, all Colorado residents enrolled in Medicare can access one of 16 stand-alone Medicare prescription drug plans.

• As of 2025, 58.01% of Colorado residents with a stand-alone Medicare Part D plan can switch to a plan with a lower premium than they paid in 2024.
• The lowest monthly premium for a stand-alone Medicare prescription drug plan is $0.
• 21.02% of those with a stand-alone Medicare prescription drug plan can get Extra Help.

Note: Data from MedicareWire

Medigap (Medicare Supplement) Plans

Original Medicare’s out-of-pocket costs can add up quickly. That’s where Medigap plans come in, offering a buffer against unexpected medical expenses and helping make healthcare costs more predictable throughout the year.

Rather than wondering about potential costs, Medigap helps Colorado residents budget with confidence. These standardized plans work seamlessly with Original Medicare, stepping in to cover deductibles, copayments, and coinsurance, depending on your chosen plan.

Two plans stand out in Colorado’s market: Plan G and Plan N.

Plan G offers extensive coverage, handling most out-of-pocket costs after you meet the Part B deductible. Plan N presents a more budget-conscious option – you’ll handle some copays and potential excess charges but enjoy lower monthly premiums.

Despite offering identical benefits, premiums can vary due to factors including your age, gender, location, and tobacco use.

Top Medigap Plan G and Plan N providers in Colorado include:

• Reserve National
• AARP
• United American
• Cigna
• Bankers Fidelity

Learn more: How to Compare Medicare Supplement Plans

Average Costs of Medicare Plans in Colorado

Understanding the complete picture of costs helps you budget effectively for Medicare coverage in Colorado. Here’s an overview of what you can expect to pay across different plan types.

Note: All data reflect 2025 averages sourced from Medicare.gov, CMS.gov, and MedicareWire and may vary by provider.

Top Medicare Advantage and Medigap Providers in Colorado

Selecting the right Medicare provider in Colorado means finding an insurer that understands the state’s unique healthcare market. Here’s what you need to know about the leading providers serving Colorado residents.

Best Medicare Advantage Providers

Colorado’s best Medicare Advantage providers offer robust coverage that works well across different healthcare settings, from routine care to specialty services.

Pay attention to how each plan handles cost-sharing. While some providers offer lower premiums but higher copays, others might charge more monthly but provide more predictable out-of-pocket costs. Your choice should align with both your healthcare needs and financial preferences.

Note: Medicare Advantage CMS Star Ratings: 6 Major Carriers (Updated 11/15/24).

Best Medigap Providers

While benefits are standardized across all Medigap providers, each company takes a unique approach to premium pricing and customer support.

Focus on understanding each provider’s rating method. Whether they use attained-age, issue-age, or community rating can significantly impact your long-term costs.

Apart from comparing current premiums, research each company’s history of rate increases and financial strength ratings to get a better idea of their viability.

Here’s how the top providers for Plan G and Plan N coverage compare:

Plan G Providers

Plan N Providers

Note: Plan G and Plan N data from MedicareWire

How to Choose the Right Medicare Plan in Colorado

Selecting your Medicare coverage is a personal journey that depends on your individual healthcare needs and preferences. Instead of getting overwhelmed by options, let’s approach this as a series of strategic decisions.

Consider these key questions:

1. Coverage Level: What medical services do you anticipate needing in the next year?
2. Cost Structure: How do you prefer to handle healthcare expenses — predictable monthly payments or lower premiums with variable costs?
3. Provider Access: What type of healthcare access matters most to you — broad provider choice or coordinated care within a network?
4. Prescription Coverage: Which medications do you take regularly, and how are they covered under different plans?

Your answers create a personalized profile that points toward specific plan types.

If you prefer predictability and don’t mind paying some monthly premiums:

• Consider Original Medicare + Medigap + Part D.
• Benefits: Consistent costs, broad provider access, clear coverage terms.

If you like all-in-one coverage and extra benefits:

• Consider Medicare Advantage.
• Benefits: Potentially lower costs, integrated drug coverage, and additional services.

If you’re generally healthy and budget-conscious:

• Consider Original Medicare + Part D
• Benefits: Basic coverage with freedom to add more later.

How to Enroll in a Medicare Plan in Colorado

Getting the right Medicare coverage requires preparation. Once you have decided on the right Medicare plan for you, here are the next steps for enrollment.

1. Gather required documents (Social Security card, proof of address, current insurance information).
2. Submit Your enrollment at Medicare.gov or by calling 1-800-MEDICARE. A licensed insurance agent, such as CoverRight, can provide assitance with the same.

Here are some important deadlines to keep in mind:

• Sign up during your 7-month Initial Enrollment Period. This begins 3 months before your 65th birthday and ends 3 months after. Not enrolling during this period may result in late enrollment penalties.
• Change Original Medicare, Medicare Advantage, and Medicare Part D plans during the Annual Enrollment (October 15th – December 7th).
• For 2025, you can begin shopping and comparing plans on Medicare.gov starting October 1, 2024.

Medicare Resources for Colorado Residents

Navigating Medicare in Colorado can be easier with the right resources and support. Here are some organizations that can help:

• Senior Health Care & Medicare Assistance: This program provides free guidance and counseling to Medicare beneficiaries in Colorado. Their experienced counselors can help you understand your Medicare options, compare plans, and make informed decisions about your coverage.
• Colorado Division of Insurance: This division is a valuable resource for any questions or concerns about your health insurance, including Medicare. They can provide information on regulations, consumer protections, and resolving complaints.
• Health First Colorado: If you have questions about Medicaid benefits or eligibility in Colorado, Health First Colorado is a great place to go.

Make Medicare simple in Colorado.

At CoverRight, our specialists deeply understand the Medicare system and the Colorado healthcare market. We’ll help guide you to coverage that fits your life and budget.

Start today.

Sources

1. Centers for Medicare & Medicaid Services (CMS)
   • Medicare Open Enrollment Partner Resources. Published 2024. Available at: cms.gov. Last Accessed November 29, 2024
2. Centers for Medicare & Medicaid Services (CMS)
   • 2024 Medicare Advantage and Part D Ratings Fact Sheet. Published October 13, 2023. Available at: cms.gov. Last Accessed November 29, 2024
3. Medicare.gov
   • Medigap Coverage Information: When to Buy. Available at: medicare.gov. Last Accessed November 29, 2024
4. Medicare.gov
   • Medigap Overview. Available at: medicare.gov. Last Accessed November 29, 2024
5. Medicare.gov
   • What Does Medicare Cost? Available at: medicare.gov. Last Accessed November 29, 2024.
6. Medicare.gov
   • When Does Medicare Coverage Start? Available at: medicare.gov. Last Accessed November 29, 2024.
7. Medicare.gov
   • What Does Medicare Cost? Available at: medicare.gov. Last Accessed November 29, 2024.
8. Kaiser Family Foundation (KFF)
   • Key Facts About Medicare Part D Enrollment, Premiums, and Cost Sharing in 2024. Available at: kff.org. Last Accessed November 29, 2024.

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