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Follow on Google News | Colorado Seniors Risk Overpaying For Medicare Supplement InsuranceBy: American Association for Medicare Supplement The organization that just reported Medigap rates for Colorado cities, Denver, Aurora and Colorado Springs found that rates for virtually identical Medigap insurance varied. "In Denver a 65-year-old female might spend as little as $116 each month for her Medigap insurance policy. Or, she might pay as much as $185 for basically identical coverage," shares Jesse Slome, director of the Association. "If she pays premiums for 10 years, the small amount will add up to well over $10,000. It really pays to do a little comparison shopping." According to Slome, there are other benefits to comparing policy options and costs. "Some insurers add nominal fees but it all adds up. Plus in Colorado discounts for two-person households range from zero to as high as 14 percent," Slome reports. The American Association for Medicare Supplement Insurance 2020 Price Index reports both the lowest and highest insurance rates for Plan G. "Medigap Plan G is the most popular choice among seniors turning 65," Slome explains. To see 2020 Medicare insurance pricing for top U.S. cities visit the organization's website. Colorado Medicare Supplement Plan G Price Index For 2020 DENVER, CO (Zip 80238) FEMALE age 65, Plan G Lowest monthly premium: $116.45 Highest monthly premium: $185.27 MALE age 65, Plan G Lowest monthly premium: $129.88 Highest monthly premium: $213.07 COLORADO SPRINGS, CO (Zip 80907) FEMALE age 65, Plan G Lowest monthly premium: $104.88 Highest monthly premium: $165.77 MALE age 65, Plan G Lowest monthly premium: $118.64 Highest monthly premium: $190.64 AURORA, CO (Zip 80013) FEMALE age 65, Plan G Lowest monthly premium: $110.32 Highest monthly premium: $185.27 MALE age 65, Plan G Lowest monthly premium: $124.72 Highest monthly premium: $213.07 To access a free directory showing leading Colorado Medicare insurance agents use the national online directory for local Medicare agents. "The Association's directory is the largest listing of Medicare insurance advisors. It's free to use and completely private," Slome adds. Go to https://medicaresupp.org/ The American Association for Medicare Supplement Insurance https://www.medicaresupp.org advocates for the importance of planning. The national organization supports insurance professionals who market Medicare insurance solutions. End
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