For seniors enrolled in the federal Medicare program, Medicare Supplement plans in Kentucky are a way to reduce out-of-pocket medical expenses. Out-of-pocket costs include deductibles, coinsurance, and copayments.
When you sign up for Medicare benefits through the Social Security Administration, you choose how you want your Medicare coverage:
- Original Medicare
- Medicare Advantage
Medicare Supplement plans in Kentucky only work with Original Medicare (Part A and Part B). They do not include Medicare Part D prescription drug coverage. For that, you must buy a standalone Prescription Drug Plan.
Medicare Supplement Plan options in Kentucky:
Kentucky offers ten standardized Medicare Supplement insurance plans. Each plan has different options and costs, so comparing is wise.
Medicare Supplement Insurance Plan G
- Medicare Plan G is the comprehensive coverage for beneficiaries with a Medicare start date after Jan. 1, 2020
- Covers everything Plan F covers except Part B deductible
- Cheaper than Plan F for those who can choose either plan
Medicare Supplement Insurance Plan N
- Medicare Plan N is comprehensive coverage with a lower premium
- Pays Part B coinsurance except for copayments: $20 office visit, $50 ER visit
- Does not cover excess charges
High-Deductible Plan G
- High Deductible Plan G has the same benefits as Plan G but requires an annual deductible
- Cheaper than Plan G
- In 2023, the deductible is $2,700. After the deductible is met, the plan will cover 100% of the costs.
Medicare Supplement Insurance Plan F
- Medicare Plan F covers everything: coinsurance, copayments, excess charges, Part B and Part A deductibles
- Has the highest premium among Medigap policies
- Must have a Medicare start date prior to Jan. 1, 2020
Top-rated Medicare Supplement Insurance Companies in Kentucky
More than 30 private health insurance companies offer Medigap insurance in Kentucky.
These three have solid financial ratings according to Standard & Poor’s:
How Much Does Medicare Supplement Insurance Cost in Kentucky?
The average monthly cost of a Medigap plan in Kentucky is $129.
|Plan type||Premium Range|
|Plan F||$180.00 – $300.00|
|Plan G||$117.00 – $220.00|
|Plan N||$90.00 – $200.00|
Premiums vary based on zip code and demographics such as age and gender. For example, here’s how average costs compare for a nonsmoking female age 65 in Louisville (zip code 40202).
When Can I Apply for a Medicare Supplement Plan?
Medicare Supplement plans do not have an annual enrollment period like Medicare Advantage and Medicare Part D plans. Therefore, you can apply for a Medicare Supplement insurance plan in Kentucky at any time, but you aren’t guaranteed coverage.
The best time to enroll is during your Medigap Open Enrollment Period because you have guaranteed issue rights:
- The insurance company cannot deny you coverage.
- The insurer cannot require medical underwriting.
- The insurance carrier cannot charge a higher premium because of pre-existing conditions.
Your open enrollment period is a six-month period that starts when you turn 65 and have enrolled in Part B Medicare.
You’re guaranteed coverage in a few other situations:
- Your employer group coverage ends
- You lose coverage through no fault of your own
- You move out of your plan’s service area
Kentucky Medicare Resources
- Kentucky State Health Insurance Assistance Program (SHIP)
- Medicare Savings Program
- Area Agencies on Aging and Independent Living
Ready to learn more?
My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the plan selection process. We work closely with some of the nation’s top-rated carriers, such as Aetna, Cigna, and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.