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Medicare Supplements Plans in Kentucky

Summary: Medicare Supplement plans in Kentucky cover the leftover when using Original Medicare. Also known as Medigap plans in Kentucky, these supplemental policies cut healthcare costs. There are multiple carriers offering coverage and additional options available. Comparing carriers can help you save.  Estimated Read Time: 13 mins

Table of Contents:

  1. What are the Best Medicare Supplement Plans in Kentucky?
  2. Who is Eligible for Medicare Supplement Plans in Kentucky?
  3. Cost of Medicare Supplement Plans in Kentucky
  4. Companies Offering Medicare Supplement Plans in Kentucky
  5. Medicare Supplement Plans in Kentucky for Under 65
  6. Medicare Supplement Rating Method in Kentucky
  7. Medigap Guaranteed Issue Protections in Kentucky
  8. When to Enroll in Medicare Supplement Plans in Kentucky?
  9. Are Medicare Excess Charges Allowed in Kentucky?
  10. Additional Medicare Coverage Options in Kentucky
  11. How to Apply for Medicare Supplement Plans in Kentucky

Medicare Supplement plans in Kentucky help you cover healthcare costs that arise when using Original Medicare (Medicare Part A and Part B) benefits. Also known as Medigap plans in Kentucky, each Medicare Supplement plan follows the standard federal regulations, meaning each lettered plan has the same benefits that you’d find in most other states across the U.S.

When you enroll in one of the Medicare Supplement plans Kentucky has to offer, you receive coverage for costs Original Medicare leaves behind. There are 12 lettered plans to choose from, and the level of coverage you receive depends on the lettered plan you enroll in.

The level of coverage you receive might be the same, but premiums can vary significantly due to a variety of factors, including where you live and which carrier you enroll in.

Keep reading to learn more about benefits, costs, and options for Medicare Supplement plans in Kentucky to determine which coverage is right for you.

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Best Medicare Supplement Plans in Kentucky

The best Medicare Supplement plans in Kentucky vary from beneficiary to beneficiary. This is because everyone has different budget and healthcare needs.

When shopping for Medicare Supplement plans in Kentucky, you’ll note that you’ll receive the same benefits as you would in any other state. This is due to plan standardization. Each lettered plan is going to offer you the same benefits regardless of state or carrier. However, there are three Medigap plans in Kentucky that continue to be the most sought-after options available:

  • Medicare Supplement Plan F in Kentucky
  • Medicare Supplement Plan G in Kentucky
  • Medicare Supplement Plan N in Kentucky

These plans continue to be the most popular options because of their coverage, availability, and premium cost. Below, you can see how each Medicare Supplement plan differs. You can compare each plan’s benefits to help determine which plan option is the right one for you:

Medicare Supplement Plan F vs G vs N Comparison

Medicare Supplement Plan F in Kentucky

If you are looking for 100% coverage after Original Medicare pays its portion of the bill, then Medicare Supplement Plan F in Kentucky may be the right plan for you. Medigap Plan F in Kentucky offers the most benefits of all Medicare Supplement plans but also has one of the highest monthly premium costs.

If you are interested in Medicare Supplement Plan F benefits but also wish to have vision coverage and other additional incentives, Innovative Plan F may be a good option for you. Kentucky is one of three states to offer the plan, and the plan is popular among certain carriers.

To be eligible for Medicare Supplement Plan F in Kentucky, you must have received Original Medicare prior to January 1, 2020. However, if you received Original Medicare after January 1, 2020, you are not able to enroll in Medicare Supplement Plan F coverage.

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Medicare Supplement Plan G in Kentucky

If you find that you aren’t able to enroll in Medigap Plan F, there are other options available. Medicare Supplement Plan G in Kentucky will cover 100% of your out-of-pocket Medicare costs once you pay the Medicare Part B annual deductible. Anyone enrolled in Original Medicare is eligible for this plan.

Medigap Plan G in Kentucky is often much lower than the Plan F premium yet slightly higher than the Plan N premium. It often makes the most sense to go with Medicare Supplement Plan G in Kentucky as the premium difference will be lower than the cost of copayments with Medicare Supplement Plan N.

Medicare Supplement Plan N in Kentucky

Lastly, Medicare Supplement Plan N in Kentucky offers comprehensive coverage for a low monthly premium in exchange for more out-of-pocket costs. If you enroll in Medicare Supplement Plan N in Kentucky, you will need to cover the full Medicare Part B deductible before your coverage begins.

Once you meet the deductible, you are responsible for $20 copays at the doctor, $50 copays at the ER, and Medicare Part B excess charges if necessary. While this plan has more out-of-pocket costs than Medicare Supplement Plan F Kentucky, you may notice a lower overall out-of-pocket cost due to the notable difference in premium.

As you can see, each of the most popular Medicare Supplement plans available in Kentucky offers varying levels of coverage and premiums. To determine which works best for you, it’s always a good idea to review your healthcare needs with a licensed Medicare agent and compare coverage from multiple carriers.

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Who is Eligible for Medicare Supplement Plans in Kentucky?

To be eligible for Medicare Supplement plans in Kentucky, you will need to be enrolled in Original Medicare (Medicare Part A and Medicare Part B). To enroll in Original Medicare, you typically must be age 65 or older and have been a citizen of the U.S. for at least five years. If you are under 65, you might be eligible for Original Medicare under certain circumstances. These include:

If you meet any of the above criteria, you may be entitled to Original Medicare benefits. Once enrolled, you can then choose to enroll in Medicare Part D and a Medicare Supplement plan in Kentucky or a Medicare Advantage plan.

Cost of Medicare Supplement Plans in Kentucky

The cost of Medicare Supplement plans in Kentucky will vary. Premiums fluctuate depending on where you live within the state of Kentucky, how old you are, your gender, tobacco usage, and in some cases, your health can play a factor. Review the chart below to see example premiums of 65-year-old and 75-year-old male and female beneficiaries in a Kentucky ZIP Code. For our example, none of the beneficiaries use tobacco:

Female, No Tobacco, Kentucky ZIP Code 40475
Medigap Plan Monthly Premium Age 65 Monthly Premium Age 75
Medicare Supplement Plan F $117-$400* $150-$500*
Medicare Supplement Plan G $97-$383 $119-$383
Medicare Supplement Plan N $75-$335 $94-$335
Male, No Tobacco, Kentucky ZIP Code 40475
Medigap Plan Monthly Premium Age 65 Monthly Premium Age 75
Medicare Supplement Plan F $135-$451* $171-$451*
Medicare Supplement Plan G $111-$433 $137-$433
Medicare Supplement Plan N $82-$378 $104-$378

* If on Medicare before 1/1/20. Averages are based on data from Medicare.gov.

Keep in mind, the chart is only an example of a premium range. Your premium can differ depending on your personal factors.

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Companies Offering Medicare Supplement Plans in Kentucky

There are several companies offering Medicare Supplement plans in KY to beneficiaries, and it can feel overwhelming at times. However, it’s important to compare companies to determine which coverage works right for you.

It’s worth noting that premiums will vary among different carriers, but this isn’t the only metric you’ll want to assess. You’ll also need to compare the financial strength of each carrier and look into how well their customer service is.

Fortunately, there are independent credit agencies, such as A.M. Best and S&P, which help gauge how fiscally sound a company might be. This is an important metric as you don’t want to enroll with a company that can’t fulfill its financial obligations when you rely on their benefits for your healthcare.

Additionally, how you are taken care of matters, and comparing the customer service experience of each carrier helps you gain insight into how you will be taken care of. The Better Business Bureau (BBB) is a great resource for investigating how each company treats its clients.

While this is just a snapshot of what is available, you can compare some of the many top-rated companies offering Medicare Supplement plans in Kentucky below:

Compare Kentucky Medicare Supplement Carriers
Carrier BBB Rating S&P Rating A.M. Best Rating
Blue Cross & Blue Shield of Kansas A- A+ (Superior) A+
Cigna N/A A- A (Excellent)
Mutual of Omaha A+ A+ A+ (Superior)
Manhattan Life A+ A B++
United American A+ AA- (Very Strong) A (Excellent)

Again, there are several other carriers available, and finding the right company for you can take some time. Fortunately, here at MedicareFAQ, our team of licensed Medicare agents can help you quickly compare top-rated companies providing Medicare Supplement plans in Kentucky at no cost to you!

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Medicare Supplement Plans in Kentucky for Under 65

If you are under 65 and are eligible for Medicare, you may be able to enroll in a Medicare Supplement plan in Kentucky.

However, not all states require carriers to offer Medicare Supplement plans to those under the age of 65, and this includes Kentucky. It is not required for Medicare Supplement insurance companies in Kentucky to offer plans to those with Medicare under age 65 due to disability.

But you still may have coverage options at the discretion of carriers in your area. Still, you can enroll in Medicare Supplement plans in Kentucky but can expect to face medical underwriting questions and higher premiums for coverage. Since Medicare Supplement plans usually cost more when you are under 65, it is often suggested to wait until you turn 65 to enroll in a plan in Kentucky to avoid expensive premiums.

One option for disabled persons under 65 and on Medicare would be to enroll in a Medicare Advantage plan. Compared to Medicare Supplement plans in Kentucky, Medicare Advantage plans may have lower costs. When you turn 65 years of age, you’ll receive another Open Enrollment Period and can enroll in Medicare Supplement plans in Kentucky at a more affordable rate.

Medicare Supplement Rating Method in Kentucky

There are many factors that go into the price you’ll pay for coverage, and one of them is your plan’s rating method. In total, there are three types of Medicare Supplement rating methods that can be used by carriers to calculate your premium:

  • Using the attained-age method, your premiums are based on your age at the time of enrollment, and you’ll have premiums that will increase over time. The older you are, the more you’ll pay for your benefits.
  • Community-rated plans don’t factor in your age or gender for your coverage. You can expect rates to rise because of inflation over time, but everyone pays the same rate.
  • An issue-age rating will look at the age you are at the time of enrollment. Therefore, the younger you are when you sign up, the less you’ll pay. Yet another reason to enroll for a Medicare Supplement plan in Kentucky as soon as you are eligible.

Companies offering Medicare Supplement plans in Kentucky can increase rates but must first seek approval from the Kentucky Department of Insurance. If approved, the increase can move forward.

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Medigap Guaranteed Issue Protections in Kentucky

Kentuckians undergoing certain qualifying life events are granted Medigap guaranteed issue protections. This means that during your time of enrollment, you won’t be denied coverage due to medical underwriting. Here are some common qualifying scenarios:

  • If it’s been within a year and you’ve joined a Medicare Advantage plan for the first time but wish to go back to a Medicare Supplement plan in Kentucky, you can. This is known as a trial right.
  • Another trial right applies if, at age 65, you’ve enrolled in Medicare Advantage but wish to change to a Medigap plan in Kentucky.
  • If you’re enrolled in Medicare Advantage, but you’re either moving out of the plan’s area of service or having coverage dropped in your area.
  • If you enroll in Medicare SELECT but move to an area that doesn’t receive service from your plan.
  • If you’re enrolled in a plan from your employer that would supplement your Medicare coverage, but it ends.
  • You’ve been lied to by a company selling Medicare coverage, or they’ve broken the rules during your enrollment process.
  • If the company providing Medicare Supplement plans in Kentucky goes bankrupt.

When To Enroll in Medicare Supplement Plans in Kentucky?

The best time to enroll in Medicare Supplement plans in Kentucky would be during the Medicare Supplement Open Enrollment Period. This means you can enroll in a Medigap plan in Kentucky within a six-month timeframe. The window begins the month you turn 65. During this time, you can enroll in a Medicare Supplement plan in Kentucky without answering underwriting health questions, and you cannot be denied a policy for any reason.

If you miss this enrollment period, you can still enroll in the Medicare Supplement plan Kentucky carriers have to offer at any time. However, there may be a few Medicare Supplement underwriting questions to answer, and you can be denied due to your health.

If you have a health condition, working with one of our licensed Medicare agents will make it easier for you to identify the Medicare Supplement plans in Kentucky you are eligible.

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Are Medicare Excess Charges Allowed in Kentucky?

Kentucky does allow Medicare Part B excess charges. However, they are rare. Excess charges are up to a 15% charge on top of the Medicare-approved amount for a service charged by physicians who do not accept Medicare assignment. Known as Medicare assignment, this is the agreed price set by Medicare for covered services and procedures.

If your physician does not accept these agreed costs, they can add up to 15% to the cost that you are responsible for covering. However, not all physicians allow excess charges, and not all states will allow physicians to charge them.

In order to be sure you will not incur excess charges, you should speak with them prior to receiving services.

Additional Medicare Coverage Options in Kentucky

When you enroll in Original Medicare in the Bluegrass State, there are several coverage options available. A Medicare Supplement plan in Kentucky can be very beneficial, but it’s important to realize that these benefits may not be right for everyone.

Medicare Advantage plans are a great alternative to Medigap plans in Kentucky. You might consider enrolling in a Medicare Advantage plan if you want a policy with a lower monthly premium, but keep in mind your plan can potentially have higher out-of-pocket costs, and you are not able to have a Medicare Advantage plan and a Kentucky Medigap plan simultaneously. So, you must decide which one is better for you.

When you pair Original Medicare coverage with a Medicare Supplement plan in Kentucky, you can still enroll in additional coverage. Medicare is not an all-encompassing healthcare plan, so there are benefits it does not include. Ancillary plans for dental, hearing, and vision are also available to provide you with these benefits.

Finally, if you need prescription drug coverage, a Medicare Part D plan can help cover the cost of your prescription drugs. Original Medicare does not include prescription drug coverage. However, even if you do not yet take any prescription medications, it is still wise to enroll in a Medicare Part D plan as soon as possible so you will not pay a late-enrollment penalty, which may be charged if you do not enroll in Part D when you first become eligible.

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How to Apply for Medicare Supplement Plans in Kentucky

Applying for the Medicare Supplement plans Kentucky carriers offer is a simple process, but without the right help, it may be a time-consuming one. Luckily, by working with a licensed Medicare agent, you can cut costs and save time all at the same time at no cost to you.

At MedicareFAQ we have an expert team of licensed Medicare insurance agents to help compare various Medicare plans to find the right match for your needs. We’ve only partnered with top-rated Medicare carriers to ensure you receive quality coverage from companies you can trust.

In just a few minutes, your agent can give you access to various plan options and help you decide which plan is right for your needs. Call us today at the number above or, fill out an online rate form and discover your rates!

Sources

MedicareFAQ is dedicated to providing you with authentic and trustworthy Medicare information. We have strict sourcing guidelines and work diligently to serve our readers with accurate and up-to-date content.

  1. Department of Insurance, KYDOI. Accessed August 2022.
    https://insurance.ky.gov/ppc/new_default.aspx
  2. Kentucky Medicare, KFF. Accessed August 2022.
    https://www.kff.org/state-category/medicare/?state=KY
  3. Kentucky Consumer Assistance, CMS. Accessed August 2022.
    https://www.cms.gov/CCIIO/Resources/Consumer-Assistance-Grants/KY
  4. 2021 Medicare Supplement Guide, KYDOI. Accessed June 2023.
    https://insurance.ky.gov/ppc/Documents/MSGuide012021.pdf
Kayla Hopkins

Kayla Hopkins

Content Editor
Kayla Hopkins is an accomplished writer and Medicare guru serving as the Editor of MedicareFAQ.com. Upon completing her Communications degree from Ohio University, Kayla dedicated her time to understanding the ever-evolving landscape of healthcare. With her extensive background as a Licensed Insurance Agent, she brings a wealth of knowledge and expertise to her writing.
Ashlee Zareczny

Ashlee Zareczny

Compliance Manager
Ashlee Zareczny is the Compliance Manager for MedicareFAQ. As a licensed Medicare agent in all 50 states, she is dedicated to educating those eligible for Medicare by providing the necessary resources and tools. Additionally, Ashlee trains new and tenured Medicare agents on CMS compliance guidelines. Ashlee is a Medicare expert who specializes in Medicare Supplement, Medicare Advantage, and Medicare Part D education.

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