Independent Medicare Insurance Broker in Colorado Springs
Medicare Supplemental Insurance & Medicare Advange Plans
Work with the Best Medicare Insurance Broker in Colorado
Serving Colorado Springs, Denver CO and surrounding areas
We are an independent Medicare insurance broker serving Colorado Springs and Denver metro areas. Medicare supplemental insurance can be confusing. We simplify the process and provide expert guidance so you understand what you are getting and paying.
Since the 1980’s we have helped numerous Colorado residents find Medicare supplement insurance plans or Medicare Advantage Plans that fit their needs and budgets. Your health is your most valuable asset. We understand that taking care of your health is one of your most important priorities.
Benefits of Working with Preferred Insurance
If you are a Colorado Springs resident that is 65 or over, buying Medicare insurance plans may seem confusing. That’s why many Colorado Springs residents trust Preferred Insurance to help guide them to the best Medicare plan that is right for them.
Medicare insurance can be baffling and the jargon overwhelming, especially when trying to figure out the costs. If you don’t believe us take a moment and visit the official Medicare.gov cost page, it won’t be long before your reaching for headache medicine. We simplify the process and provide expert guidance so you understand what you are getting and paying.
Quotes are always fast, free and designed to help meet your goals.
What We Provide to Help Find a Medicare Insurance Plan?
We are your independent advocate to find the best medicare insurance plans for your unique needs
We make the Medicare process easy so you understand what you are getting, how your insurance works and the costs to you.
We keep an eye on rate changes and plan changes and of course will be there to advise you on your choices.
We will be with you for the long term so when changes to Medicare come along – like they usually do – you will have a trusted partner to guide you.
If you are researching Medicare Advantage Plans, we are the local health insurance broker for you. We understand these plans are can explain how they work in plain English so you can see the many benefits of Medicare Advantage Plans.
Medigap and Medicare Advantage
As a leading independent Medicare insurance broker in Colorado Springs, our mission is to guide you through the maze that is Medicare insurance. There are two basic classes of Medicare insurance plans: Medicare Supplements or Medigap Plans and Medicare Advantage Plans.
Medigap plans (aka Medicare Supplements) reimburse or pay for some of the out-of-pocket costs that Medicare doesn’t pay. For example, deductibles, co-pays, and excess charges. Medigap plans allow you to choose or keep your doctor, as long as the physician or clinic accepts Medicare insurance. There is a large variety of Medigap plans varying in cost, level of coverage, and area of availability.
Medicare Advantage Plans are health plans provided by private insurance companies approved by Medicare. A Medicare Advantage Plan usually has a “network” similar to regular health insurance, and you may be required to use physicians and hospitals who participate in the plan’s network. You may have to pay copayments or coinsurance. You may have access to vision, hearing, and dental coverage. Like Medigap, the cost and coverage of Medicare Advantage will vary by plan. All Medicare Advantage Plans have a yearly limit on out-of-pocket costs, so you are well protected against significant medical expenses.
Read in our blog: Why Would I Choose a Medicare Advantage Plans Over a Supplement Plan?
Contact Preferred Insurance today to schedule a free consultation with an independent Medicare insurance broker today. We can help you make the right investment in your Colorado business – for yourself and your employees.
Frequently Asked Questions
Why are you the best Medicare insurance broker in Colorado Springs?
We are experts in Medicare and all types of health insurance. We have been in business over 30 years.
Each member of our local Colorado Springs staff is knowledgeable, responsive, friendly and extremely good at customer service. Check out our Google reviews for proof (opens in new window).
We are locally owned and managed. By working with us you are supporting local Colorado Springs families and the local economy.
We provide hands-on help to you to assist with researching and signing up for the best Medicare insurance plans for you.
Why should I work with an independent Medicare insurance broker?
Medicare is a confusing conglomeration of options. Colorado seniors will often hire a Medicare insurance broker to help them make sense of the options.
An independent Medicare insurance broker is not locked into a specific health insurance company. They usually run their own agency and work with all the health insurance companies in their area.
Independent broker are free to show you all the Medicare insurance options available to you. We don’t play favorites based on commissions.
Independent Medicare brokers work in your best interest, finding the best plan and price out of all the plans that are available to you.
When can I apply for Medicare in Colorado?
You can apply for Medicare three months before reaching age 65. The Medicare open enrollment opens three months before the month you turn 65 and extends three months past the month you turn 65. This gives you a seven-month window to apply. Medicare benefits can start on the first day of the month of your birthday.
What is a Medigap insurance?
Medigap Insurance and Medicare Supplements are the same thing.
A Medigap insurance policy helps pay out-of-pocket costs not covered by Medicare. For example, a Medigap policy would help reimburse you for the coinsurance and deductibles required by Medicare.
Medigap Plans are sold by private insurance companies like United, Anthem, Humana, etc. There are numerous Colorado health insurance companies that offer Medigap products and the pricing of these supplements varies.
Medicare doesn’t pay any of your costs for a Medigap policy.
All Medigap policies must be approved by Medicare.
Medigap insurance plans are all standardized, and identified by letters A through N.
Since Medigap policies are standardized, the benefits are uniform from one health insurance company to another. In other words, benefits for plans with the same letter are exactly the same no matter where you get it.
Usually the only difference between Medigap policies with the same letter sold by different insurance companies is the cost.
What is a Medicare Advantage Plan?
Medicare Advantage Plans are Medicare health plans provided by private health insurance companies. These plans are developed by private companies and have to comply with all Medicare standards, and are closely monitored by Medicare.
Medicare Advantage Plans are a creative health care option that allows the independent health marketplace to find innovative ways to improve the healthcare options available to you.
When you sign up for a Medicare Advantage Plan, all your medical expenses are paid for by the private health insurance company.
The world of Medicare Advantage Plans is full of many options and tons of jargon.
Here are the major characteristics of Medicare Advantage Plans:
- You may be in a “network” similar to regular health insurance where you are required to use physicians and hospitals who participate in the plan’s network.
- You may have options to choose an HMO, PPO, HMO-POS, PFFS, SNP, or Medicare MSA plan.
- You can get Medicare Advantage plans that have a $0 monthly premium.
- Plans with more restrictions such as an HMO will cost less, while plans with more flexibility such as a PPO may cost more.
- You may have to pay copayments or coinsurance.
- You may have some vision, hearing, and dental coverage included in your plan.
- You will have a yearly limit on out-of-pocket costs, so you are protected against large claims.
- Most Medicare Advantage plans include prescription benefits in the plan.
Bottom line is Medicare Advantage Plan do have many advantages and it is definitely worth your time to speak with a Medicare insurance broker to find out if a Medicare Advantage Plan is a good choice for you.
Can Medicare insurance coverage be denied due to pre-existing conditions?
No, a neither a Medicare Medigap (i.e. supplemental insurance) nor a Medicare Advantage plan can deny coverage of a pre-existing condition. However, you must apply during the appropriate enrolllment period.
A commerical health insurer can turn down your application because of a pre-existing condition if you don’t sign up during your Medigap Open Enrollment Period or the Medicare Advantage Open Enrollment Period.