Medicare Supplement Plans in Kentucky

Medicare has authorized select private insurance companies to provide Medicare Supplement Insurance policies (Medigap plans) in Kentucky. These policies are designed to cover the out-of-pocket expenses not covered by Original Medicare – such as coinsurance, copays, and excess charges. Furthermore, these Medigap plans can cover unforeseen foreign travel health emergencies.

While Medicare may have standard Medigap policies, their pricing and availability are impacted by a multitude of factors – age, gender, insurance provider, and state. As for Kentucky, state laws regulate these plans, as well as an insurance commissioner overseeing such policies.

When evaluating Medigap plans in Kentucky, it is essential to understand the components determining its cost and availability.

Key Takeaways:

  • You have a selection of ten Medigap plans to choose from.
  • Medigap Plan G is the most popular plan in Kentucky.
  • Monthly premiums for Plan G vary between $145 and $290.
  • Apply during your Medigap Open Enrollment period to avoid medical underwriting.

Types of Medigap Plans in Kentucky

You can find every standardized type of Medigap plan in Kentucky, but the most extensive coverage is available through Plans F and G. These are also the most popular.

Following are some critical points about differences among some of the plans:

  • Plan F is the most comprehensive option, covering the Part B deductible. However, this plan is only available to people eligible for Medicare before January 2020.
  • Plan G is the most comprehensive for newer beneficiaries. Pays for excess Part B charges so you can see any Medicare provider even if they charge more than the Medicare-approved amount.
  • Plan N is an increasingly popular option with lower premiums but requires the policyholder to pay a copay for doctor and emergency room visits.
  • Plan K is one of only two plans with a set out-of-pocket limit. Once you reach and pay the deductible for Part B, your plan will cover 100% of expenses.
  • High Deductible Plan G has the same benefits as Medicare Plan G; however, it has an annual deductible of $2,700 that has to be paid by the member before any medical claims are covered.

Plan F is the most popular plan, offering the most comprehensive coverage and paying the annual Part B deductible. But because Plan F is only available to those eligible before January 2020, Plan G is becoming more popular because it offers comprehensive coverage except for the Part B deductible. Plus, Plan G is widely offered by most Medigap insurance companies.

What’s the Best Medicare Supplement Company in Kentucky?

After considering various key factors, we ultimately determined that Cigna is Kentucky’s best Medicare Supplement provider.

Although cost savings may well be the primary advantage of Cigna Medicare Supplement plans in Kentucky, it’s not the only factor you should consider when picking a provider. Every insurer offers its own unique set of benefits and drawbacks depending on its coverage options.

Cigna is the leader in our review process, given its cost-efficiency and wide selection of plans, discounts for families on premium costs, and impressive customer satisfaction ratings.

To help you make the right choice, this chart compares Cigna and other Medicare Supplement companies in Kentucky. It includes details such as example premiums and ratings.

Plan G CostCompanyFinancial Strength
$145 Cigna A
$172 Mutual of Omaha A+
65 y/o male, nonsmoker
Plan N CostCompanyFinancial Strength
$99 Aetna A
$102 Cigna A
$125 Mutual of Omaha A+
65 y/o male, nonsmoker

What Do Medicare Supplement Plans Cover?

Medigap policies may cover the following:

  • Part A coinsurance and hospital costs for an additional 365 days after Medicare benefits have been used
  • Part B copayments or coinsurance rates
  • The first three pints of blood that are needed
  • Part A hospice care coinsurance or copayment amounts
  • Skilled nursing facility care insurance rates
  • The deductible amount required for Part A
  • Part B deductible (only available on specific plans) for people eligible before 2020
  • Excess charges
  • Foreign travel emergency services

How Much Do Medigap Plans Cost in Kentucky?

If you enroll during your open enrollment period, you can expect to pay $145 to $290 monthly for Medigap plans A, G, and N in Kentucky.

However, your monthly premium will vary based on your insurer and how they rate premiums.

Medigap policies can be rated in three ways:

  • Community-rated: Your premium is not based on age; the price may only change due to inflation or other factors.
  • Issue-age rated: The amount you pay for your policy is based on when you purchase the insurance, and your premium will not increase as you get older. Inflation or other external forces are the only things that can raise prices.
  • Attained-age-rated: Your premium cost depends on how old you are when buying the policy, and it can go up as time goes by because of money value factors such as inflation.

How to Choose a Medigap Plan in Kentucky

As you compare plans available in your area, consider these factors:

Monthly premium: This is paid in addition to your Part B monthly premium. It is a set amount you pay each month, regardless of whether or not you use your benefits. The premium costs are determined based on several factors, such as the type of plan selected, age, gender, tobacco use, and state of residence.

Plan options: With every type of plan, you are offered basic coverage for Part A copays and coinsurance, at least a portion of the Part B copays and coinsurance, three pints of blood, and hospice care. However, other benefits may not be included. Check which benefits are most important to you before finalizing your purchase.

Insurance provider: Always check the ratings and reviews to understand other people’s experiences when looking for a carrier. You can also contact a company representative to discuss their customer service levels and responsiveness.

Extra discounts: Some insurance companies offer additional benefits or discounts once you become a member. For example, you may have access to discounted hearing aid providers or eyeglass suppliers.

When to Sign Up

If you want to get the best price on your Medicare Supplement Insurance, it’s recommended that you buy a plan as soon as possible after enrolling in Parts A and B of Medicare.

If you are 65 or older and enrolled in Parts A and B of Medicare, Medigap Open Enrollment starts on the first day of your birthday month and lasts six months. An insurance company cannot use medical underwriting to determine whether to accept your application or charge a different price during this period.

There are specific situations where you have the guaranteed right to purchase a Medigap policy, regardless of your health condition or any preexisting conditions.

The following reasons include:

  • Moving out of the coverage area while in a Medicare Advantage Plan or Medicare SELECT Plan
  • Your existing Medicare Advantage Plan leaving Medicare coverage
  • Your other insurance plan outside of Medicare is ending
  • You are within your trial right period
  • Your plan coverage ends through no fault of your own

How to Sign Up

You can sign up for a Medigap plan by contacting one of our agents and ensuring you’re in your open enrollment period or have guaranteed issue rights. Then, fill out the application and decide when you want your policy to begin.

Frequently Asked Questions:

What Is the Cost of Medicare Supplement Plans in Kentucky?

Medicare Supplement plans range from $50-$290 per month. In addition, the monthly premium amount may increase due to age, geographic location, or health conditions.

What Is the Best Medicare Supplement Provider in Kentucky?

The best Medicare Supplement provider in Kentucky is Cigna. Cigna has a long history of providing quality insurance policies to its customers.

How Much Is Medicare Plan G in Kentucky?

Premiums for this plan can range from $145 to $290 per month. The exact cost of a Medicare Plan G in Kentucky will depend on the plan chosen and the coverage area.

Next Steps

We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you get the best possible service. Take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Additionally, you can give us a call today to learn more or request a quote online.

Article Resources:

Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.

Mark Prip

For more than two decades, Mark Prip at My Medigap Plans has been an authority figure in the insurance industry and continues to uphold a mission to provide customers with comprehensive information about Medicare, life, and dental coverage. In addition, his expertise is unmatched - having helped thousands of Medicare beneficiaries choose suitable healthcare plans for themselves - making him stand out above competitors.