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Best Medicare Supplement Plans in Kentucky – F, G & N

The Best Medicare Supplement insurance plans in Kentucky help seniors pay for the 20 percent left over after Original Medicare insurance (Medicare Part A and Medicare Part B) pays its portion. Expenses that Medicare Supplement plans pay for include deductibles, coinsurance, and copayments.

Medicare Supplement insurance plans in Kentucky, frequently referred to as Medigap policies, do not pay for all healthcare expenses you might incur. Medigap plans in Kentucky exclude:

  • Procedures and treatments not covered by Medicare
  • Outpatient prescription drugs
  • Hearing aids or exams
  • Eyeglasses or vision exams

Medicare Supplement plans give you the flexibility to seek healthcare anywhere you want as long the provider accepts Medicare. You don’t need a referral, and you aren’t limited to a provider network.

This is the reason why many people prefer their Supplemental plan options instead of Medicare Advantage plans. After all, Medicare Part C plans are often HMO or PPO plans and therefore have network restrictions, which you do not have to worry about with a Kentucky Medicare Supplement plan.

Best Types of Medicare Supplement Plans in Kentucky

A Medicare beneficiary in Kentucky can choose from 10 Medigap policies. Because Medigap plans in Kentucky supplement Original Medicare, not replace it, you have to remain enrolled in Medicare Part A and Part B to qualify for Medicare Supplement plans. Here’s helpful information about the Medicare Supplement insurance plans in Kentucky:

  • Each plan letter is standardized. (Plan L has the same coverage no matter which Medicare insurance company carries the policy.)
  • Each plan letter offers different benefits. (Plan A doesn’t cover Part A deductibles, whereas Plan K pays 50 percent.)
  • Rates for the same plan letter differ based on gender and location. (A male in Oldham County could pay different rates than one living in Shelby County.)
  • A Medicare insurance company might not offer all 10 plans.

Although some states offer Medigap policies to those younger than 65 who are disabled or have end-stage renal disease, Kentucky insurers aren’t required to do so. If they do provide Medigap policies to those under age 65, they’re allowed to charge different premiums from seniors.

When you’re considering Medigap plans in Kentucky, you need to carefully compare policies to find the one that best matches your needs. To find the best Medicare Supplement plan in Kentucky, you need to compare rates and benefits.

Rates for the same plan letter vary depending on the Medicare insurance company. That’s because the insurance company can choose how it calculates its rates:

  • Entry age — your age when you buy the Medigap policy determines your premiums.
  • Attained age — your current age dictates your premium costs.
  • Community — everyone pays the same premium.

Carriers sell the majority of Medigap plans in Kentucky based on the attained-age rating method. This means your premiums will increase as you age, so it’s important to compare future costs as well as current costs.

Comparing benefits also helps you find the best Medicare Supplement plan in Kentucky. The more benefits you have, the higher the premiums are. Following are points to consider when comparing Medicare Supplement insurance plans in Kentucky:

  • Do you frequently visit healthcare providers?
  • Is higher coinsurance an acceptable trade-off for a lower premium?
  • How long are you willing to wait for coverage for a pre-existing condition?
  • Do you travel out of the country?

The answers will help you find the best Medicare Supplement plan in Kentucky that fits your health needs as well as your financial situation.

Benefits of Medicare Supplement Plan F in Kentucky:

Many people want help with out of pocket costs that aren’t taken care of by Medicare coverage. If you want the maximum coverage that you can get on top of the federal Medicare program, you may want to choose Medigap Plan F in Kentucky over the other health plans.

Medicare Supplement Plan F is the most robust and comprehensive plan that you can choose because it includes these benefits:

  • Part A hospital coinsurance
  • Hospital costs up to 365 days after benefits through Original Medicare are exhausted
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible
  • Part B preventive office visit coinsurance
  • Part B coinsurance or copays
  • Excess charges for Medicare Part B
  • First three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care 

Benefits of Medicare Supplement Plan G in Kentucky:

The second most popular and most comprehensive of the Medicare plans, Medigap Plan G in Kentucky offers many benefits for recipients of the U.S. government Medicare program. Even though it offers almost as much coverage as Plan F, it’s cheaper.

  • Does NOT cover Medicare Part B deductible 

Benefits of Medicare Supplement Plan N in Kentucky:

Maybe you are mostly content with the Medicare benefits that you already have, but you could be looking for some additional coverage. Medigap Plan N in Kentucky is good in this situation.

Benefits aren’t as impressive as with Plan G or Plan F, and there are some costs you’ll have to worry about when seeking healthcare. Monthly premiums are usually pretty affordable with plan N, though, making it ideal for the budget-conscious.

  • Does NOT cover Part B Deductible
  • Does NOT cover Part B excess charges
  • Requires $20 copay for office visits
  • Requires $50 copay for Emergency room visits 

Medicare Supplement Plans in Kentucky: When Can I Enroll?

The best choice is to enroll in Medicare Supplement plans in Kentucky during the Medigap Open Enrollment Period. Your OEP starts either when you turn 65 or when you join Medicare Part B, whichever is later. It lasts for six months. Here’s why the best time to sign up is during this initial enrollment period:

  • You don’t have to undergo a medical history.
  • An insurer can’t refuse you coverage, even if you have a pre-existing condition.
  • The Medicare insurance company can’t charge you a higher premium because of pre-existing conditions.

These are called guaranteed-issue rights. You can request a Medicare Supplement plan in Kentucky outside of your Medigap Open Enrollment Period, but the insurance carrier can require medical underwriting:

  • You might have to take a physical exam.
  • The insurer can deny coverage for a pre-existing condition.
  • You could face a higher premium because of a pre-existing condition.
  • The insurer might deny coverage completely.

During your Open Enrollment Period, it’s also smart for you to check out Medicare Part D prescription drug plans. You’ll probably be thankful for this prescription drug coverage when you can save on the cost of your medication! Plus, you could face financial penalties later if you don’t sign up when you’re first eligible to do so.

Enrollment Statistics for Medicare Supplement Plans in Kentucky

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

Kentucky Medicare Resources

In addition to calling and talking to one of our licensed insurance agents for help, you can also check out these online resources for Medicare beneficiaries:

Related Topics for Comparing Medicare Supplement Companies and Plans in Kentucky

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 AetnaCigna 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.

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