A 40-year-old person in Kentucky can get a silver insurance plan at an average monthly cost of $497. A bronze or an expanded bronze plan will save you money, but the cost of medical care will increase. Conversely, a gold plan can be more expensive but lets you spend less at the doctor. There’s much more to an insurance plan than just it’s name. Here’s everything you need to know about cheap health insurance in Kentucky.
Top Cheap Health Insurance in Kentucky
Let’s look at the top cheap health insurance providers in Kentucky.
Beem
Beem is an insurance marketplace that lets you compare and enroll in plans from various companies. It can help you find a plan that best suits your needs. Here are its advantages:
- Convenience: Compare plans from multiple insurers in one place.
- Guidance: Get help choosing a plan based on your needs.
- Enrollment Assistance: Simplify the enrollment process.
United Healthcare
United Healthcare boasts an extensive network of doctors and hospitals nationwide, making it a popular choice. It offers multiple options to suit different needs and budgets. However, United Healthcare can be expensive, with potentially higher deductibles and out-of-pocket costs.
| Feature | Details |
| Pros | Large network of doctors and hospitals; established reputation. |
| Cons | Can be expensive; may have high deductibles and out-of-pocket costs. |
| Monthly Cost | Depends on plan, location, and age. |
| Out-of-Pocket Costs | Varies with plan, typically includes deductible, copay, and coinsurance. |
| Deductible | Depends on the plan and amount you pay before insurance kicks in. |
CareSource Kentucky
CareSource’s regional focus can translate into competitive rates for state residents. However, their network might be limited outside of Kentucky, making them less suitable if you travel frequently or require care outside the state.
| Feature | Details |
| Pros | May offer competitive rates in Kentucky; focus on regional coverage. |
| Cons | Limited network outside of Kentucky. |
| Monthly Cost | Varies with plan, location, and age. |
| Out-Of-Pocket Costs | Depends on plan, typically includes deductible, copay, and coinsurance. |
| Deductible | Varies with the plan, amount you pay before insurance kicks in. |
Aetna
Aetna offers an extensive national network of healthcare providers, giving you flexibility when choosing your doctor. They also have various plan options, including HMO, PPO, and high-deductible plans. However, depending on the plan, Aetna can be expensive, and customer service experiences may vary.
| Feature | Details |
| Pros | Large national network; variety of plans. |
| Cons | Can be expensive depending on the plan, customer service reviews may vary. |
| Monthly Cost | Varies with plan, location, and age |
| Out-Of-Pocket Costs | Depends on plan, typically includes deductible, copay, and coinsurance. |
| Deductible | Varies with plan and amount you pay before insurance kicks in. |
Anthem Blue Cross
Anthem Blue Cross is a well-established company with a strong reputation. It has a large network in certain regions, which is particularly attractive if you live in an area they serve well. However, availability can be limited by state, and its plans may have higher costs in some areas.
| Feature | Details |
| Pros | Large network in certain regions, established company with a strong reputation. |
| Cons | Availability can vary by state; may have higher costs in some areas. |
| Monthly Cost | Varies with plan, location, and age. |
| Out-Of-Pocket Costs | Depends on plan, typically includes deductible, copay, and coinsurance. |
| Deductible | Varies with plan, amount you pay before insurance kicks in. |
Humana
Humana offers many plan options, including HMO, PPO, and SNP. They’re mainly known for their Medicare Advantage plans (for those 65 and older). However, customer reviews for Humana’s service can vary, and some plans may have higher out-of-pocket costs.
| Feature | Details |
| Pros | Large national network (especially for Medicare Advantage plans), offers a variety of plans, including HMO, PPO, and SNP. |
| Cons | Customer service reviews may vary; may have higher out-of-pocket costs for certain plans. |
| Monthly Cost | Varies with plan, location, and age. |
| Out-Of-Pocket Costs | Depends on plan, typically includes deductible, copay, and coinsurance. |
| Deductible | Varies with plan, amount you pay before insurance kicks in. |
Wellcare Health Plans
Wellcare Health Plans primarily focuses on offering Medicare Advantage plans. They may be a good option if you’re eligible for Medicare and are looking for competitive rates in specific regions. However, Wellcare’s network of doctors and hospitals might be limited compared to some national insurers.
| Feature | Details |
| Pros | Focuses on Medicare Advantage plans, May offer competitive rates in some areas |
| Cons | Limited network compared to some national insurers |
| Monthly Cost | Varies depending on plan, location, and age |
| Out-Of-Pocket Costs | Varies depending on plan, typically includes deductible, copay, and coinsurance |
| Deductible | Varies depending on plan, amount you pay before insurance kicks in |
Molina Healthcare
Molina Healthcare prioritizes serving underserved communities and offers affordable plans for Medicaid recipients and low-income individuals. However, Molina’s network of healthcare providers may be limited in some areas.
| Feature | Details |
| Pros | May offer affordable plans for Medicaid recipients and low-income individuals, Focus on serving underserved communities |
| Cons | Limited network in some regions |
| Monthly Cost | Varies depending on plan, location, and eligibility |
| Out-Of-Pocket Costs | Varies depending on plan, typically includes deductible, copay, and coinsurance |
| Deductible | Varies depending on plan, amount you pay before insurance kicks in |
Conclusion
Consider your family’s present and near-term medical demands when seeking an affordable health insurance plan. Do you intend to become a parent again? Do you take prescription drugs? Consider each aspect while deciding on a high-deductible plan. Premiums for a high-deductible health plan are usually lower. But you have to pay more out of cash for medical expenses. Also, check Beem for personalized auto insurance quotes from the leading providers and get up to 40% off on your preferred coverage.
Read Related Article: Cheap health insurance in Alabama.
FAQs
Who has the lowest health insurance rates in Kentucky?
At $426 a month, the Silver 12 250 with First 4 Primary Care Visits Free by Passport by Molina Healthcare is the least expensive Silver plan available in Kentucky. Silver is the most common plan type.
How to get free health insurance in Kentucky?
Millions of Americans receive free or inexpensive health insurance through Medicaid. People with low incomes, families with young children, expectant mothers, older people, and those with disabilities are all eligible for coverage. You must fulfill eligibility conditions to be eligible for Medicaid.
Which has low deductibles and out of pockets in Kentucky
Cost-sharing reduction (CSR) subsidies, which reduce your deductible, coinsurance, copays, and out-of-pocket maximum, are only available to silver plan tiers. Compared to a Gold plan, this can help you receive better coverage at a lower cost.
