Best 2024 Medicare Advantage Plans in Colorado
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Colorado's Finest Medicare Advantage Plans: How to Find Yours
Are you considering enrolling in a Medicare Advantage plan in Colorado? You're in good company. This year, more than 31 million people enrolled in a private Medicare health plan. Some want lower costs. Some are looking for more benefits. Others need access to more healthcare providers and doctors.
This page is dedicated to assisting you in exploring the highest-rated Medicare Advantage (MA) plans available in Colorado, highlighting the insurance providers that offer these plans, and providing guidance on locating suitable plans within your specific geographic region. This information is crucial as the availability of these plans varies by location, and it's essential to identify the options accessible in your area.
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Locating the Best Medicare Advantage Plans in Colorado
The Centers for Medicare & Medicaid Service (CMS) rates and reviews Colorado's Medicare Advantage plans based on a 5-star rating scale. Information from members and data provided by plans is used to determine a plan's star rating.
Colorado has 5-star Medicare Advantage plans available in 2024. Not all states and locations do. This year, the highest rated Medicare plans available in Colorado come from:
- Kaiser Permanente
- Select Health
- SelectHealth
- Erickson Advantage
- UnitedHealthcare
MedicareWire recommends evaluating plans from these Colorado health insurance companies first. Why? Because more stars mean a better plan. For instance, members may get better care, customer service, and phone support from a 5-star plan than from a 4-star one.
IMPORTANT: Depending on where you live in Colorado, Medicare Advantage plans may have many valuable benefits (as compared to Original Medicare). But, before you choose, it's crucial that you understand the potential disadvantage of Medicare Advantage plans. Compare coverage and costs carefully.
Complete List of Colorado's Plan Providers
Colorado's Medicare Advantage plans are offered by 16 plan providers, including:
- Aetna Medicare
- Anthem Blue Cross and Blue Shield
- Cigna
- Cigna Healthcare
- Clear Spring Health
- Denver Health Medical Plan
- Denver Health Medical Plan, Inc.
- Devoted Health
- Elevate Medicare Advantage
- Erickson Advantage
- Humana
- Kaiser Permanente
- Perennial Advantage
- Select Health
- SelectHealth
- UnitedHealthcare
Top Colorado Plans by CMS 5-Star Score
Here are the top-ranked Medicare Advantage plans in Colorado, according to the Centers for Medicare & Medicaid Services:
Top Medicare Advantage Plans in Colorado
Provider | Plan ID | Plan Name | Premium | Limit | Stars |
---|---|---|---|---|---|
Erickson Advantage | H5652-008 | Erickson Advantage Liberty (HMO-POS) | $0.00 | $7,300 | 5.0 |
Erickson Advantage | H5652-001 | Erickson Advantage Signature (HMO-POS) | $168.00 | $2,600 | 5.0 |
Erickson Advantage | H5652-001 | Erickson Advantage Signature with Drugs (HMO-POS) | $197.00 | $2,600 | 5.0 |
Erickson Advantage | H5652-008 | Erickson Advantage Liberty with Drugs (HMO-POS) | $0.00 | $7,550 | 5.0 |
Erickson Advantage | H5652-006 | Erickson Advantage Freedom (HMO-POS) | $68.00 | $4,300 | 5.0 |
Select Health | H1994-031 | Select Health Medicare Flex (HMO) | $0.00 | $3,900 | 5.0 |
Select Health | H1994-030 | Select Health Medicare + Kroger (HMO) | $0.00 | $3,900 | 5.0 |
Select Health | H1994-029 | Select Health Medicare Essential (HMO) | $0.00 | $4,900 | 5.0 |
Humana | H5216-137 | HumanaChoice H5216-137 (PPO) | $0.00 | $7,350 | 4.5 |
Humana | H5216-078 | HumanaChoice H5216-078 (PPO) | $66.00 | $6,700 | 4.5 |
Humana | H5216-195 | Humana Value Plus H5216-195 (PPO) | $46.60 | $7,550 | 4.5 |
Humana | H5216-223 | HumanaChoice H5216-223 (PPO) | $34.00 | $4,900 | 4.5 |
Humana | H5216-261 | HumanaChoice H5216-261 (PPO) | $0.00 | $5,100 | 4.5 |
Humana | H5216-333 | HumanaChoice H5216-333 (PPO) | $102.00 | $2,900 | 4.5 |
Kaiser Permanente | H0630-017 | Kaiser Permanente Senior Advantage Core South (HMO) | $0.00 | $3,900 | 4.5 |
Kaiser Permanente | H0630-023 | Kaiser Permanente Senior Advantage Enhanced (HMO-POS) | $45.00 | $3,200 | 4.5 |
Kaiser Permanente | H0630-021 | Kaiser Permanente Senior Advantage Silver North (HMO-POS) | $33.00 | $3,500 | 4.5 |
Kaiser Permanente | H0630-025 | Kaiser Permanente Senior Advantage Bronze DM (HMO-POS) | $0.00 | $4,100 | 4.5 |
Kaiser Permanente | H0630-016 | Kaiser Permanente Senior Advantage Gold (HMO-POS) | $181.00 | $3,000 | 4.5 |
Kaiser Permanente | H0630-015 | Kaiser Permanente Senior Advantage Silver DM (HMO-POS) | $35.30 | $3,400 | 4.5 |
Kaiser Permanente | H0630-013 | Kaiser Permanente Senior Advantage Core DM (HMO) | $0.00 | $3,900 | 4.5 |
Kaiser Permanente | H0630-020 | Kaiser Permanente Senior Advantage Core North (HMO) | $0.00 | $4,000 | 4.5 |
Kaiser Permanente | H0630-026 | Kaiser Permanente Senior Advantage Bronze North (HMO-POS) | $0.00 | $4,100 | 4.5 |
UnitedHealthcare | H0609-034 | AARP Medicare Advantage from UHC CO-0003 (HMO-POS) | $40.00 | $3,200 | 4.5 |
UnitedHealthcare | H0609-036 | AARP Medicare Advantage from UHC CO-0004 (HMO-POS) | $0.00 | $4,400 | 4.5 |
UnitedHealthcare | H0609-007 | AARP Medicare Advantage from UHC CO-0001 (HMO-POS) | $45.00 | $2,900 | 4.5 |
UnitedHealthcare | H0609-012 | AARP Medicare Advantage from UHC CO-0002 (HMO-POS) | $0.00 | $3,500 | 4.5 |
UnitedHealthcare | H0609-048 | AARP Medicare Advantage from UHC CO-0005 (HMO-POS) | $0.00 | $3,800 | 4.5 |
Whether or not you can join a plan from one of the top-rated providers depends on where you live. If your Colorado County has the plan you want, and you qualify, you can enroll. Medicare Advantage plans are regional. Generally speaking, larger urban areas have more plan options than rural areas.
Best MA Plans in Colorado by County
Choose your Colorado County below to see the best (and the worst) plans.
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Strategies for Choosing the Optimal Medicare Advantage Plan in Colorado
There are various reasons you might be considering a plan change, such as turning 65 or the Annual Enrollment Period. You might also be navigating a special enrollment event, such as moving into a new region. There are some important details to consider in all these situations.
1. Examine Your Projected Utilization Needs
Do you believe that you will get the most out of your plan's benefits, including hospital inpatient care? If you do, evaluate plans with higher monthly premiums, low copayments, and low maximum out-of-pocket limits. Conversely, if your health is good and you rarely use services, look for plans with low premiums or a zero-dollar premium. These plans may have high out-of-pocket maximums and high deductibles, so weigh your risk carefully.
2. Review Your Drug Costs
Prescription drugs are often the main reason that seniors pay more for healthcare. Because most Colorado Medicare Advantage plans include Part D coverage for prescriptions, it is important to ensure you get the right plan that covers your drugs at a cost you can afford.
3. Understand Your Additional Coverage Requirements
Original Medicare only covers your major medical services, leaving you to pay for dental, vision, hearing, and other healthcare services, or get additional coverage. Fortunately, a growing number of Medicare Advantage plans cover many of the essential services not covered by your Part A and Part B benefits.
4. Think About Your Preferred Healthcare Providers
Most Medicare Advantage plans available in Colorado use local healthcare provider networks to deliver care. But not all specialists and primary care doctors accept all plans. It can be exhausting trying to find a plan you want that your doctors will accept. We can help!
Find Plans in your area with your ZIP Code
Next Steps
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Frequently Asked Questions
Still have questions? These common questions and answers might help.
What are the pros and cons of a Medicare Advantage plan?
Medicare Advantage plans may have several disadvantages. Most plans require that their members use their network providers. It is also difficult to budget for healthcare costs as costs are largely determined by your use of healthcare services. Many plans require that members obtain referrals to a specialist before they are authorized to receive a service. Discover more disadvantages of Medicare Advantage plans.
How much does Medicare Advantage cost in Colorado?
On average, the cost of a Medicare Advantage plan in Colorado is $17.59 (based on 2024 rates). That's just the cost of the monthly premium to be in the plan. If you have chronic health conditions, the plan's out-of-pocket costs, including copays and deductibles, should also be considered. Additionally, Medicare Advantage plans often include Part D prescription drug benefits that have out-of-pocket costs at the pharmacy.
What are Medicare Advantage plans required to cover?
Approved Medicare Advantage plans sold in Colorado must, at a minimum, cover everything that's in Original Medicare. But plans do not have to cover healthcare services at the same cost as Original Medicare. For example, Medicare Part A covers about 80% of hospital stays, skilled nursing care, home health care, and hospice care. Whereas Part B provides coverage for about 80% of outpatient services, including lab tests and doctor visits. Medicare Advantage plans set their own copays and deductibles, and often charge more than 20%. However, plans have an annual limit and Original Medicare doesn't.
Citations & References
- CMS.gov, 2023 Medicare Part C Landscape Source Files, Last Accessed January 13, 2023
- CMS.gov, "CMS Releases 2023 Medicare Advantage and Part D Star Ratings", Last Accessed October 6, 2022
- Medicare.gov, "Medicare Advantage Plans", Last Accessed October 1, 2022
- KFF.org, "An Overview of the Medicare Part D Prescription Drug Benefit", Last Accessed October 19, 2022
- Medicare.gov, "Things to know about Medicare Advantage Plans", Last Accessed October 12, 2022
- CMS.gov, Part C and D Performance Data, Last Accessed January 13, 2023
- CMS.gov, Monthly MA Enrollment by State/County/Contract, Last Accessed January 13, 2023
- CMS.gov, Biden-Harris Administration Announces Lower Premiums for Medicare Advantage and Prescription Drug Plans in 2023, Last Accessed September 29, 2022
- CMS.gov, Medicare Marketing Guidelines, Last Accessed February 2, 2023
Plans Offered
Medicare Advantage and Part D plans and benefits offered by the following carriers: Aetna Medicare, Anthem Blue Cross Blue Shield, Aspire Health Plan, Dean Health Plan, Devoted Health, GlobalHealth, Health Care Service Corporation, Cigna Healthcare, Humana, Molina Healthcare, Mutual of Omaha, Premera Blue Cross, Medica Central Health Plan, SCAN Health Plan, Scott and White Health Plan now part of Baylor Scott & White Health, UnitedHealthcare(R), and Wellcare.
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