Top Medicare Advantage Plans in Colorado for 2024
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Finding the Best Medicare Advantage Plan in Colorado Starts Here
If you live in Colorado and you're thinking about enrolling in a Medicare Advantage plan, you're not alone. This year nearly half of all people with Medicare will join a Medicare Advantage plan because they want lower costs, more benefits, and access to more doctors and other healthcare providers.
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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Comparing the Leading Medicare Advantage Plans in Colorado
Every year, the Centers for Medicare & Medicaid Services (CMS) reviews and rates all Medicare Advantage plans in Colorado based on a 5-star scale. Input for the ratings comes from information that each plan self-reports, as well as individual member complaints. (Read more about Medicare star ratings.)
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 that you evaluate the plans offered by these Colorado health insurance companies, before all others, for this single reason. More stars awarded by CMS typically means members get better results. So, for instance, five-star plan members might receive better service, phone support, and care than those who have a four-star plan.
TIP: Everyone's personal situation is different. And so are Colorado's Medicare Advantage plans. That's why it is so important to understand Medigap vs Medicare Advantage plans.
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
Colorado's Top-Rated Plans
According to the Centers for Medicare & Medicaid Services, here are the top-ranked Medicare Advantage Plans available in Colorado:
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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Navigating Your Options: How to Select the Best Medicare Advantage Plan in Colorado
You may be looking at plans for several different reasons, including turning 65 or the Annual Enrollment Period. Or, perhaps you are navigating a special enrollment event, such as moving to a new area. In all of these cases, there are a few important details you need to consider.
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. Examine Your Prescription Medication Expenses
Prescription drugs, not doctors, are what many seniors blame for driving up their healthcare costs. Part D prescription benefits are included with most Colorado Medicare Advantage plans. It would be best if you made sure that the plan you choose covers your drugs at a price you can afford.
3. Consider Your Needs for Additional Coverage
Original Medicare doesn't cover all costs related to health care. It covers major medical expenses and preventative care services, however, it doesn't cover prescriptions, vision, hearing, or dental. Many of the essential services your Part A or Part B benefits don't cover are covered by Medicare Advantage plans.
4. Consider Your 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 disadvantages 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.
Do Medicare Advantage plans pay 100% of all costs?
A Medicare Advantage plan in Colorado costs an average of $17.59. This is just the monthly premium. You should also consider the out-of-pocket expenses of a plan if you have any chronic conditions, which include a plan's copays and deductibles. Prescription drug benefits are also included in most Medicare Advantage plans, but they have their own out-of-pocket costs.
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
- Medicare.gov, "5-star special enrollment period", Last Accessed October 20, 2022
- Medicare.gov, "Understanding Medicare Advantage Plans", Last Accessed October 16, 2022
- KFF.org, "Medicare Advantage in 2023: Enrollment Update and Key Trends", Last Accessed September 5, 2023
- Medicare.gov, "How to join a Medicare Advantage Plan", Last Accessed October 11, 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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