Medicare Supplement Insurance in Kentucky

Medicare Supplement Insurance (also called Medigap) helps senior and disabled Kentucky residents pay for certain Medicare co-payments, deductibles, and other costs. Currently, insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.

KY Medigap Enrollment Statistics

According to AHIP, 31.1 percent of Medicare beneficiaries in Kentucky were also enrolled in a Medigap plan in 2015. Certain Medigap plans sold in Kentucky are more popular than others.

The chart below shows which plans were most popular in Kentucky in 2015, according to AHIP.

*Plans no longer available for purchase, including Plans E, H, I, and J.**Pre-standardized plans are policies sold before July 1992.

Medicare Supplement Insurance Pricing Methods

Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:

• Attained-age rated: The premium increases as you age
• Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age
• Community rated: The same premium is charged to all Medigap policyholders

The majority of Medigap policies issued in Kentucky are attained-age rated, according to the Kaiser Family Foundation (KFF).

Under-65 Enrollment Rules

Although Medicare Supplement insurance is primarily for senior citizens, it’s also available to disabled people and those with end-stage renal disease (ESRD) in some states. Each state’s insurance department dictates the rules governing Medicare beneficiaries under the age of 65.

According to the KFF, insurance companies selling Medigap plans in Kentucky do not have to offer any Medigap plans to under-65 Medicare beneficiaries. Medigap insurers in Kentucky are allowed to charge under-65 policyholders different premiums from their senior policyholders.