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What Medigap Plans are available in Kentucky?

Once you’ve enrolled in Medicare Part A and Part B, you’re eligible to apply for Medicare Supplement plans in Kentucky for 2022. These plans will pick up your out-of-pocket expenses after Original Medicare is billed, so you will keep your original plan even after securing a Medicare Supplement plan in Kentucky. Since your Medicare Supplement insurance is designed to cover the gaps left with Parts A and B, it’s often referred to as a Medigap plan.

Medicare Supplement Insurance in Kentucky

Medicare Supplement Insurance (Medigap) plans in Kentucky are supplemental insurance that helps to fill the gaps that Original Medicare (Part A and Part B) misses.

These types of policies are important to have because they help with:

• Copayments
• Deductibles
• Coinsurance

These medical expenses and health care out-of-pocket costs can add up, so having a plan in place that covers them is imperative.

What is the best Medicare Supplement plan in Kentucky for 2022?

1. Best full coverage: Plan F

Medicare Plan F has full coverage and the highest level of benefit in Kentucky. This plan is only available to Medicare Beneficiaries that joined Medicare before 1/1/20. Plan F includes both Medicare Part A deductible and Medicare Part B deductible.

2. Best comprehensive coverage: Plan G

The Medigap Plan in Kentucky to have is Medicare Plan G. This plan is the most popular and comprehensive. This plan is available to a beneficiary who starts Medicare after the effective date of 1/1/20, no matter a pre-existing health condition. When you compare Plan F with Plan G, this plan has better cost savings.

3. Best value: Plan N

Medicare Plan N has good coverage and a great value. If you are willing to trade out some benefits for a lower monthly premium, then this is the plan for you.

4. Best all-inclusive high-deductible plan: High Deductible Plan F

There are great savings with the high deductible Plan F. It is just like the original plan, but you will have an annual deductible to meet before coverage starts. This version of Plan F is more affordable.

5. Best high-deductible plan for the price: High Deductible Plan G

The high deductible Plan G also requires the annual deductible to be met prior to coverage starting. Plan G with the Higher Deductible will reduce monthly premium costs for a beneficiary.

How much does a Medigap plan cost in Kentucky?

The average cost will depend on the insurer as they take community ratings, issue age, and attained age into consideration for pricing.

Community Rating: Priced for beneficiaries of all ages

Issue Age: Based on the age at purchasing

Attained Age: Increases as the Medicare beneficiary ages

For a 65-year-old female (non-smoker) living in Franklin county, Kentucky (40601), the average cost will be $100.00 for a Medicare Supplement Insurance plan.

When can I apply for a Medicare Supplement plan?

The 6 month Medigap Open Enrollment period will be the best time to gain Medicare benefits. During this period, pricing and plan options from a Medicare insurance company will be better.

At age 65 or older, enrollment begins when you have Part B, and it can’t be changed or repeated. On the first day of the month you will be turning 65, the six-month period to enroll begins. Enrollment in Part B will be needed.

For those under 65, enrollment may not be possible. However, if you have a disease or syndrome, you will qualify for Medicare under the age of 65. Some states do require Medigap insurance companies to sell policies to those under 65, but these plans do cost more.

Enrollment periods do not apply to Medicare supplement plans. They only apply to Part D Plans, Medicare Advantage (Part C), aging into the Federal Medicare Program, retiring from group coverage, or losing a Medicare Advantage plan.

Notes:

– If you are receiving Social Security, the SSA will automatically sign you up and handle your enrollment for Medicare Part A and Medicare Part B at the age of 65.

– The Federal Medicare Program is operated by the federal Centers for Medicare & Medicaid Services.

– You have guaranteed issue rights; an insurance company can’t refuse to sell you a Medigap policy if the following happens:

– A Medicare Advantage Plan leaves Medicare or stops providing in your area

– You move out of the plan’s service area

Common Kentucky Medicare Supplement Questions:

When can I change Medigap plans?

You can change Medigap plans any time of the year. When applying outside of your initial enrollment period, you can be denied or have your rates increased due to medical issues. However, you are free to try out a plan and change plans any time you would like.

Can I be denied Medigap coverage?

In Kentucky, you cannot be denied coverage for a Medicare insurance policy unless you are outside of an enrollment period. Even then, you may be accepted at a higher premium. Also, you may be delayed in coverage until the next enrollment.

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Ready to Learn More?

We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with most of the nations top-rated Medigap carriers such as Aetna, Cigna, Mutual of Omaha and Florida Blue Medicare plans. Give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state. We educate you on the best Medicare Plans for your situation, then let you decide. 

Kentucky State Links

Kentucky Medicare Resources

Key Take Aways
  • Since your Medicare Supplement insurance is designed to cover the gaps left with Parts A and B, it's often referred to as a Medigap plan.
  • There are 10 Medicare Supplement Plans in Kentucky to choose from.
  • In Kentucky, Medicare Supplement Plan G is the most popular plan for 2022.