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Medicare Plans in Kentucky: Find the Best Option That Fits You

medicare plans in Kentucky

In Kentucky, more than 948,000 people are on Medicare, and the number of plans is also growing. You have many options if you’re looking for Medicare plans in Kentucky. While Medicare is a federal health insurance program for those 65 and older and those who meet specific disability criteria, it is not the only choice for these groups. NewMedicare can assist you in comparing Medicare plans in Kentucky.

Medicare in Kentucky: Details

For the 2022 budget year, CMS reported the following Medicare coverage trends in Kentucky:

  • The number of Kentuckians who are enrolled in Medicare is 948,420.
  • In Kentucky, the typical monthly premium for Medicare Advantage plans dropped from $16.72 in 2021 to $14.02 in 2022.
  • In 2022, Kentucky will provide the same number (98) of Medicare Advantage plans that it did in 2021.
  • Every single Medicare recipient in Kentucky has the option to enroll in a Medicare Advantage plan, including those with zero monthly premiums.
  • In 2022, twelve unique Medigap plans will be available throughout the Bluegrass State of Kentucky.

Best Medicare Plans in Kentucky

Whether native-born Americans or lawful permanent residents, Medicare-eligible Kentuckians have a few different plans from which to choose. If you’re under 65 and on Social Security Disability Insurance (SSDI) because of a chronic illness like ESRD or ALS, or if you’ve been disabled for at least 24 months, you may qualify.

Let’s have a look at the right Medicare Plans in Kentucky.

Original Medicare: Part A and B comprise original Medicare coverage. Medicare Part A. Part B pays for regular doctor visits, urgent care, outpatient lab work, diagnostic imaging, wellness checkups, prescription drugs, hospital, home health, hospice, and skilled nursing facility care. This type of insurance may also cover some medications that cannot be used at home.

Medicare Advantage: Medicare Advantage is a private insurance company-offered alternative to traditional Medicare. In addition to covering your prescriptions, certain plans may also pay for your gym membership, dental care, vision care, hearing aids, and even transportation to and from medical visits, providing you with greater protection than Original Medicare.

Medigap: Private insurance companies offer plans that supplement Original Medicare (Medigap) and adhere to industry standards. You can choose from many Medigap plans if you live in Kentucky and need extra health insurance on top of Medicare.

Medicare Part D: Part D is supplemental insurance for Medicare beneficiaries with Original Medicare or Medicare Advantage. Despite Medicare’s oversight, commercial insurance companies offer these plans to their clients.

Medicare Part D Plans in Kentucky

Medicare recipients in Kentucky State should also think about their Part D drug coverage choices. Medicare recipients in the Bluegrass State can choose from 23 separate drug plans in 2022.

The cost of your premium will vary based on factors such as your location and your chosen insurance provider. The average Part D premium in Kentucky in 2022 is $41.96.

There are also no-deductible prescription plans available, albeit their premiums tend to be more than average. There are four plans in 2022 that do not require a deductible for Kentucky residents, and the cheapest individual medication plan with no deductible is $58.80 per month.

If you think you’ll need prescription drug coverage, enroll as soon as you’re eligible. Late enrollment fines may occur if you don’t enroll in Medicare Part D when first eligible.

Prescription drug coverage is included in certain Medicare Advantage plans, but if you have Original Medicare and/or a Medigap policy, you will need a separate drug plan.

NewMedicare is here to assist you with all aspects of the Medicare enrollment process. Get in touch with a qualified insurance professional today for a no-cost initial assessment.

Medicare Advantage Plans in Kentucky

If you are searching for more comprehensive coverage than what Original Medicare provides, you may want to consider Medicare Advantage. The coverage provided by these plans, also known as Medicare Part C, is the same as that provided by Original Medicare, plus extra benefits such as coverage for prescription drugs, hearing aids, glasses, dental care, and more.

Medicare Part C is the preferred health insurance choice for many Kentuckians over the age of 65, and in 2021, 41.7% of Medicare beneficiaries in the state enrolled in a Medicare Advantage plan. In 2022, 98 different Medicare Advantage plans will be accessible to Kentuckians.

By 2022, all Medicare recipients will be able to choose from multiple Medicare Advantage plans. Medicare Advantage plans vary by county, so your options may change depending on where you live.

In 2022, for instance, Medicare enrollees in Boone and Jefferson Counties will have 46 plans from which to pick. In contrast, enrollees in far smaller counties will have far fewer alternatives (there are only 27 plans offered in Crittenden County).

Monthly premiums for Medicare Advantage plans vary by location, provider, and other factors. On average, Kentuckians will pay $14.02 monthly for Medicare Part C in 2022. Additionally, at least one plan is available in Kentucky for Medicare users with no monthly premium costs.

Consultation with a licensed insurance professional is recommended while choosing a Medicare Advantage plan. When you come to Medicare Plans Direct, you’ll receive no-cost assistance in selecting the Medicare plan that’s right for you. Get in touch now for no-cost Medicare guidance!

Medicare Supplement Plans in Kentucky

Medicare Supplement plans in Kentucky (commonly known as Medigap) were designed to assist Medicare recipients with a variety of medical expenses not covered by Original Medicare.

The term “out-of-pocket expenses” refers to things like deductibles, co-pays, and co-insurance.

Picking the right Medicare Supplement plan in Kentucky doesn’t have to be difficult, and neither should you pay more than you have to.

We make it simple!

Medicare Supplement Plan F and Plan G are the two most popular plans in Kentucky, with Plan N also gaining popularity.

5 Best Medicare Supplement Plans in Kentucky:

  • Medigap Plan F
  • Medicare Supplement Plan G
  • High-deducible Plan G
  • Medicare Supplement Plan N
  • Plan F’s high deductible

People who become Medicare-eligible on or after January 1, 2020, will no longer have access to Medicare Plan F.

Kentucky’s Medicare Plan G

Any of the Medigap plans available in Kentucky can be added to Medicare Parts A and B, except for Medicare Plan F, which is not available to new enrollees. As of January 1, 2020, only those who were enrolled in Medicare as of December 31, 2019, will be eligible to enroll in Medigap Plan F.

As a result, Medicare enrollees who want the most comprehensive coverage should go with Medigap Plan G. Plan G is a cheaper alternative to Plan F that offers roughly the same features.

Plan F vs. Plan G of the Medicare Supplement

You can use our no-cost online quote tool to see how Medicare Plan G compares to Medicare Plan F if you’re looking for a cheaper alternative.

For example, the yearly Medicare Part B deductible is split 50/50 between those on Plan F and those on Plan G under the Medicare Supplement plans. In theory, Medicare Plan F doesn’t require a deductible, but in practice, it requires you to pay more money every month. The deductible for Plan G is 100%.

Switching to Medicare Plan G will typically result in significant savings.

Rates for Medicare Plan G in Kentucky in 2022

In Kentucky, Medicare Supplement Plan G monthly premiums typically range from $97 to $330.

These prices are based on many variables, including:

  • Age
  • The Use of Tobacco
  • Zip code
  • Gender
  • Discounts for homes (if applicable, vary by company)

Plan N of the Medicare Supplement in Kentucky

Medicare Part N is another widely used Medigap policy in the Bluegrass State. This plan is comparable to Medicare Part G in terms of coverage, but it’s more affordable.

Monthly premiums under Plan F may be lower, but you may be responsible for certain minor out-of-pocket expenses.

When it comes to covering the annual Medicare Part B deductible, Medicare Supplement Plan N is identical to Medigap Plan G. With Medicare Plan N, however, once the deductible is paid:

There may be a co-pay of up to $20 per visit to the doctor (but not for telemedicine services).

If you go to the ER but aren’t admitted, you’ll have to pay a $50 co-pay. This doesn’t apply to urgent care.

Infrequently, Part B’s excess expenses are not covered.

Kentucky Medicare Plan N Cost

Depending on characteristics such as age, zip code, tobacco usage, gender, and whether or not household discounts apply, Medicare Plan N premiums in Kentucky can cost anywhere from $72 to $150 per month.

To see how much you can save between Medicare Plans G and N, get in touch with us at NewMedicare.

Best Medicare Supplement Plans in Kentucky

Since everyone’s circumstances are unique, there is no universally perfect Medigap insurance policy. Most Medicare recipients can find affordable coverage in either Plan G or Plan N. If you need assistance choosing a plan, we’re here to help.

Medicare Supplement Plan G — One low deductible followed by complete coverage. Spending more than you would with Plan N

Plan N has higher costs.

Medicare Supplement Plan N — Reduced monthly premiums, modest out-of-pocket expenses such as co-payments, and perhaps Medicare Part B excess charges (rare, though)

Monthly premiums for Medicare Plan N versus Plan G in Kentucky might vary by as much as $30 regularly.

Medicare Plan N is a terrific choice for those who are generally healthy but yet want comprehensive medical protection.

Compare the prices of Plans G and N in your area to see how much you can save by using our website.

How much does Kentucky Medicare cost?

Original Medicare: The monthly premium for Medicare Part A can be anywhere from zero to four hundred and ninety-nine dollars. Medicare Part A’s hospital deductible for each benefit period amounts to $1,556. It is common practice for consumers to pay the $170.10 monthly standardized premium for Medicare Part B. The Part B deductible is $233 per year.

Medicare Advantage Plan: In 2022, a Medicare Advantage Plan in Kentucky costs an average of $14.02. The initial fee for some plans is nothing.

Part D Plans: Monthly premiums for Part D plans start at $6.80.

Medigap Plans: Plan G of the Medicare Supplement Insurance Program costs between $97 and $373 a month for a 65-year-old nonsmoking female in Frankfort.

Medicare in Kentucky: By Numbers

Original Medicare beneficiaries

 

 

Average plan cost  

 

Kentucky’s annual spending on each recipient  

 

 

Spending per recipient compared to the average for the country
594,449   Part A: $0 to $499 per month*

 

Part B: $170.10 **

$9,804

1% less

 

Bottom Line

Medicare covers more than 900,000 people in Kentucky. Throughout the state, numerous private insurance firms provide Medicare Advantage and Medigap coverage. If you are a resident of Kentucky and are interested in supplemental health insurance, you can choose from several different Medigap plans.

When you’re ready to move forward, give yourself time to learn more about your plan options.

Reach out Today at NewMedicare, and get your quotes now!

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