Kentucky offers two health insurance carriers on its exchange – CareSource and Anthem. Their plans are competitive, although premiums have increased slightly over the past years. The state makes it easy for everyone to find affordable coverage, with various coverage tiers, catastrophic, and short-term plans available for purchase to its residents.
Medicare and Medicaid are available options through the federal government if their qualifications are met. The state’s Medicaid program is administered through Kynect. Kentucky offers the Kentucky Dental Health Program to promote healthy teeth in children, complete with a fluoride program.
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How to Buy Health Insurance in Kentucky
It is easy to shop around, compare your options, and purchase health insurance in Kentucky by going online to www.healthcare.gov.
How to Apply for Health Insurance in Kentucky
Go to www.health.gov to apply for health insurance in Kentucky.
Health Insurance Carriers In Kentucky
There are currently four health insurance carriers in Kentucky: Anthem Blue Cross and Blue Shield, CareSource, Passport Health Plan by Molina HealthCare, Ambetter by Wellcare of Kentucky. (source)
Kentucky Health Insurance Costs Overview
As 2023 data is not yet available, we have used statistics from 2022 to reflect costs so you can have an idea of what to expect. Current data shows that 2023 premiums will rise by 4 percent for a 27-year-old for a silver benchmark marketplace plan sold through HealthCare.gov.
Kentucky has three tiers of health insurance coverage – Gold, Silver, and Expanded Bronze.
How Much Does Health Insurance Cost in Kentucky?
According to the KFF, the average benchmark monthly health insurance premium in Kentucky for a 40-year-old in good health was $387 in 2022.
What is the Cheapest Health Insurance Plan in Kentucky?
The cheapest health insurance plan is the one that suits your needs the most. Contact us today to find the plan for you!
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Cheapest Kentucky Health Insurance Coverage by Metal Tier
As 2023 data is not yet available, we have used statistics from 2022 to reflect costs so you can have an idea of what to expect. Current data shows that 2023 premiums will rise by 4 percent for a 27-year-old for a silver benchmark marketplace plan sold through HealthCare.gov.
Note that all costs are 2022 pricing from KFF. (source)
Gold Plans
The average lowest cost premium of a Gold Plan in Kentucky in 2022 was $470.
Silver Plans
The average lowest cost premium of a Silver Plan in Kentucky in 2022 was $380.
Bronze Plans
For a Bronze plan, the average lowest premium in 2022 was $315.
Other Types of Kentucky Health Insurance Coverage
Catastrophic Health Insurance in Kentucky
Catastrophic health insurance plans can be purchased in Kentucky for those who qualify – generally individuals under 30 or those with special exceptions.
Short Term Health Insurance in Kentucky
Short-term health insurance plans are available, lasting initially for 364 days with up to three years of renewals allowed.
Low Income Health Insurance in Kentucky
Medicare and Medicaid are available in Kentucky, managed through the federal government. Kynect is the version of Medicaid available in the state for residents who qualify. Following the Medicaid expansion in the Affordable Care Act, many more Kentuckians became eligible and enrolled in Medicaid.
The state offers several programs designed to help low-income adults and families, like their Prescription Assistance Program through the Department of Health. The Prescription Assistance Program helps Kentucky residents find low-cost or free prescription drugs by increasing access and reducing paperwork and other hurdles.
The Department of Health also offers routine cancer screenings for women through a federally-funded program called the Kentucky Women’s Cancer Screening Program. This preventative care services screens for cervical and breast cancer and refers women for treatment.
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Sources:
Marketplace Average Benchmark Premiums, KFF, accessed 08/16/2022, https://www.kff.org/health-reform/state-indicator/marketplace-average-benchmark-premiums/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D
Average Marketplace Premiums by Metal Tier, 2018-2022, KFF, accessed 08/16/2022, https://www.kff.org/health-reform/state-indicator/average-marketplace-premiums-by-metal-tier/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Average%20Lowest-Cost%20Bronze%20Premium__2022%22,%22sort%22:%22desc%22%7D