Speak with a licensed agent: 1-888-414-4547
Find Affordable Medigap Plans in Kentucky

Best Medicare Supplement Plans in Kentucky 2021

For Kentucky 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.

What are the Top 5 Medicare Supplement Plans in Kentucky?

Kentucky offers 10 standardized Medicare Supplement insurance plans. Each plan has different plan options and costs, so it’s wise to compare.

1. Best full coverage: Plan F

  • 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

2. Best comprehensive plan: Plan G

  • Plan G is the comprehensive coverage for beneficiaries with 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

3. Best value: Plan N

  • Plan N is comprehensive coverage with lower premium
  • Pays Part B coinsurance except for copayments: $20 office visit, $50 ER visit
  • Does not cover excess charges

4. Best deductible based: High Deductible Plan F

  • Benefits same as Medicare Plan F but requires annual deductible
  • Cheaper than Plan F
  • Must have a Medicare start date prior to Jan. 1, 2020
  • In 2021, the deductible is $2,370. The plan will cover 100% of the costs after the deductible is met.

5. Best for lowest rates: High Deductible G

  • Benefits same as Plan G but requires annual deductible
  • Cheaper than Plan G
  • In 2021, the deductible is $2,370. The plan will cover 100% of the costs after the deductible is met.

What is the Best Supplemental Insurance to go with Medicare?

What’s best for you isn’t necessarily the best for your neighbor. It comes down to striking a balance between your health care needs and the monthly premium cost. Here’s a quick overview to get you started.

What is the most popular Medicare Supplement plan in Kentucky for 2021?

Now that Medicare Plan F isn’t available to those whose Medicare effective date is after Jan. 1, 2020, Plan G is the most popular Medicare Supplemental insurance policy in Kentucky.

Which plan has the best benefits in Kentucky?

For those eligible for Medicare before Jan. 1, 2020, Plan F is the most comprehensive. For those eligible after Jan. 1, 2020, Medicare Plan G offers the highest level of benefits.

How do I choose the best plan?

Choosing the best plan can be a challenge. One of our agents can guide you through the process, but here’s what you should consider:

  • Budget
  • Health condition
  • Health care providers
  • Plan limits

Which Medigap company offers the best rates in Kentucky?

Each of the Medicare Supplement insurance plans in Kentucky have the same basic benefits regardless of which insurance company sells the policy. Monthly premiums vary between carriers, however, based on which pricing method they use:

  • Issue-age: premium doesn’t increase because of your age
  • Community: age doesn’t matter, everyone pays the same
  • Attained-age: premiums automatically increase as you age

For an exact quote in just a few minutes, contact one of our licensed insurance agents.

What is the Average Cost for a Medicare Supplement Plan in Kentucky for 2021?

Premiums vary based on zip code and demographics such as age and gender. Here’s how average costs compare for a nonsmoking female age 65 in Louisville (zip code 40202).

  • Plan F: $172.90 (range $137.87-$216)
  • Plan G: $126.77 (range $105.07-$149.69)
  • Plan N: $111.93 (range $93.78-$155.70)

Common Kentucky Medicare Supplement Plan Questions

What Companies Sell Medigap Plans in Kentucky?

More than 30 private health insurance companies offer Medigap insurance in Kentucky. These three have strong financial ratings according to Standard & Poor’s:

  • Cigna
  • Aetna
  • Mutual of Omaha

When Can I Apply for a Kentucky Medicare Supplement Plan?

Medicare Supplement plans do not have an annual enrollment period like Medicare Advantage and Medicare Part D plans. 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 time frame 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

Which is better, Medigap Plan G or Plan N?

Both offer good value at reasonable pricing. Here’s how they compare:

  • Coverage. Plan G offers more benefits. It covers excess charges and all of Part B coinsurance. Plan N doesn’t cover excess charges, and Part B coinsurance is subject to copays.
  • Premiums. Medicare Plan N is lower because the beneficiary has a higher cost-share: $20 office visit, $50 ER (waived if you’re admitted)

What is Medicare Supplement Insurance?

A Medicare Supplement insurance plan helps cover the gap in your Medicare coverage. That’s why these insurance policies are also called Medigap policies. Here’s how it works:

  • Original Medicare pays 80% of approved health care expenses.
  • You’re responsible for the remaining 20%.
  • Your Medigap insurance policy pays all or part of your 20%.

Coverage

Depending on which plan you buy, a Medicare Supplement insurance plan pays all or part of these expenses:

  • Medicare Part A deductible
  • Part A hospital costs
  • Part A and Part B coinsurance
  • Copayments
  • Skilled nursing facility
  • Foreign travel emergency
  • Part A hospice care coinsurance
  • Part B excess charges
  • First 3 pints of blood

Exclusions

  • Medicare Part B deductible for beneficiaries eligible for Medicare after Jan. 1, 2020
  • Prescription drugs
  • Hearing, dental, vision

For prescription drug coverage, you must buy a Medicare Part D Plan.

Eligibility

You can buy a Medicare supplement plan in Kentucky if you:

  • Are 65 and
  • Are enrolled in Medicare Part A and Part B

Private insurance companies in Kentucky aren’t required to offer supplement insurance to Medicare beneficiaries under age 65. If a Medicare insurance company chooses to offer Medigap insurance, it can charge a different premium from senior policyholders.

Is Plan G the Best Medigap Plan in Kentucky?

How Much Does Plan G Cost?

Premiums for Plan G in Kentucky are fairly similar, but they can differ. Here’s what a 65-year-old female who doesn’t smoke might pay:

  • Louisville (40202): $126.77 (range $105.07-$149.69)
  • Trenton (42286): $123.25 (range $105.07-$146.40)

What is the Plan G Deductible in 2021?

With Plan G, you don’t have to pay a deductible. You do have a deductible for Medicare Part B, which in 2021 is $203.

What does Medigap Plan G Cover in Kentucky?

Related Topics

Plan G by State

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 process of plan selection. We work closely with some of the nations 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 or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.

Kentucky Medicare Resources

Kentucky Enrollment Statistics

Of the nearly 4.5 million residents in Kentucky, about 15.2 percent are over 65. Some more Medicare statistics:

  • Kentucky had 916,666 Medicare beneficiaries in 2018.
  • Sixty-nine percent had Original Medicare insurance.
  • In 2015, 31 percent of Medicare beneficiaries enrolled in a Medigap plan.

Kentucky’s population is spread out over 120 counties. Here are the largest population centers:

  • Jefferson
  • Fayette
  • Kenton
  • Boone
  • Warren
Key Take Aways
  • There are 10 Medicare Supplement Plans in Kentucky to choose from.
  • In Kentucky, Medicare Supplement Plan G is the most popular plan.
  • Medigap Plans do not use a network, go wherever Original Medicare is excepted
Need Help?

Call to speak with a licensed insurance agent now.

(888) 414-4547