Equitable Life & Casualty Insurance Company: Medicare Supplemental Insurance in Colorado

Equitable Life & Casualty Insurance Company specializes in Life, Medicare Supplemental, and Long-term Care insurance for seniors. They've been offering supplemental insurance plans in Colorado and around the U.S. since 1935, the year that Medicare came into existence.

Equitable offers 12 Medigap policies (Plans A-J, plus two high-deductible options) to Medicare members in Colorado. While some companies require a waiting period of up to six months to cover the pre-existing medical conditions of new members, Equitable's supplemental health insurance Plans A-G cover pre-existing conditions immediately upon enrollment. (However, their Medigap Plans H, I, J, and HDJ do require a six-month waiting period before covering pre-existing medical conditions.)

Because supplemental health insurance companies in Colorado set their own monthly premiums, plans vary in price from insurer to insurer. Knowing how your insurer determines the price of your Medigap plan is important for understanding how much your plan will cost now and in the future. There are three types of pricing structures for Medigap health insurance for seniors: 1) issue-age rated, 2) community rated, and 3) attained-age rated.

Equitable Life & Casualty Insurance Company uses the issue-age rated pricing method to set prices for its Medigap policies for Colorado residents. This means that your Medigap policy is based on your age; the closer you are to 65 when you buy it, the less your policy will cost. The price won't increase as you get older, although it may be adjusted for inflation or other factors.

EquiChoice is Equitable's five preferred Medigap plans in Colorado (Plans A, H, J, HDJ and L). The EquiChoice plans offer simplified medical underwriting, immediate coverage of pre-existing health conditions on all plans, the ability to choose any health care provider, and fast service - claims are paid in five days or less.

Equitable also offers a unique way to save money on your Medigap premium. Through their partnership with a nationwide group of hospitals through USA Managed Care Organization, if you require a stay in a network provider hospital, USA MCO will discount all or part of your Medicare inpatient hospital deductible that is not covered by your Medigap benefits. If your hospital provides the deductible discount under USA MCO, you will be eligible to save $100 on your Colorado Medicare supplemental insurance premium.