Everyone is aware these days of the rising cost of healthcare. One night in the hospital could cost thousands of dollars and that is why it is foolish to try and go without reviewing some of the quality and affordable Kentucky Individual Health Insurance Plans now available. There are a wide variety of coverage plans available to meet just about any budget. Premiums can be kept down through high deductibles and coinsurance rates; this will give you some peace of mind and protect your family from a financial disaster.
The price of health insurance coverage in Kentucky is going to depend on the benefit options you choose. A very basic insurance plan with a high deductible and coinsurance rate can be very affordable. HumanaOne Monogram is one of the most affordable of all plans providing you with basic coverage without breaking your budget. To get the low cost premiums you will have to carry a deductible of $7500 for single coverage and $15,000 for a family plan. Once you reach your deductible, HumanaOne Monogram covers 100% of most in-network medical costs.
Anthem offers a similar low cost plan to help customers afford to carry health insurance in Kentucky. Anthem’s SmartSense plan offers affordable price options with essential benefits. The cost of the premium will depend on the deductible that you choose and the amount of coinsurance. Deductibles will range from $500 for individuals up to $10,000 and $1,000 for families up to $20,000. The plan includes a copayment for office visits of $35 with the deductible waived for the first three visits of the year. Coinsurance rates are either 30% or 50% if you stay within the provider network in Kentucky and jump to 50% or 70% if you go outside the network. This plan does include prescription drug coverage of either a $15 copayment or 40% coinsurance. The plan also includes benefits for other medical services like home health care, hospice care, mental health care and substance abuse.
Shopping for the best health insurance plan in Kentucky at the best possible price can be very confusing. Many people have found that it is helpful to work with an experienced independent insurance agent to evaluate all the different plans available in the state.