24 Best Medicare Part D Plans in Kentucky for 2023
We found the 24 best Medicare Part D Plans in Kentucky for 2023. Sign-up for 2024 Medicare Part D plan notification HERE.
Key Facts
- The average premium is $42.65 per month, however the lowest premium is just $4.80.
- The average drug plan deductible is $389 per year, but 4 plans have a zero-dollar deductible.
- Medicare rated 0% of all plans available in Kentucky 4 stars or higher.
- There are 9 basic benefit plans and 15 enhanced benefit plans.
- A total of 5 plans offer full low-income subsidy (LIS) for those who qualify.
- There are 4 plans that have additional coverage in the coverage gap phase (aka, "donut hole").
- 2024 Medicare Prescription Drug Plans (PDP) will be published in early October. Sign-up to be notified.
We also ranked the best Medicare Advantage plans with Part D in Kentucky for 2023.
Kentucky Medicare Part D Plans
Plan Name | Premium | Deductible | Benefit Type | LIS | Gap Coverage |
Senior Savings |
Rating |
---|---|---|---|---|---|---|---|
AARP MedicareRx Preferred | $102.20 | $0 | Enhanced | No | Yes | Yes | |
AARP MedicareRx Saver Plus | $29.30 | $505 | Basic | Yes | No | No | |
AARP MedicareRx Walgreens | $28.20 | $350 | Enhanced | No | No | No | |
Anthem MediBlue Rx Plus | $58.20 | $0 | Enhanced | No | No | No | |
Anthem MediBlue Rx Standard | $54.00 | $505 | Basic | No | No | No | |
Cigna Extra Rx | $61.70 | $100 | Enhanced | No | Yes | Yes | |
Cigna Saver Rx | $12.20 | $505 | Enhanced | No | No | No | |
Cigna Secure Rx | $27.80 | $505 | Basic | Yes | No | No | |
Clear Spring Health Premier Rx | $20.60 | $505 | Enhanced | No | No | No | |
Clear Spring Health Value Rx | $22.60 | $505 | Basic | Yes | No | No | |
Elixir RxPlus | $41.40 | $505 | Enhanced | No | No | No | |
Elixir RxSecure | $41.60 | $505 | Basic | No | No | No | |
Humana Basic Rx Plan | $30.70 | $505 | Basic | No | No | No | |
Humana Premier Rx Plan | $80.20 | $300 | Enhanced | No | Yes | Yes | |
Humana Walmart Value Rx Plan | $30.60 | $505 | Enhanced | No | No | No | |
Mutual of Omaha Rx Essential | $19.00 | $505 | Enhanced | No | No | No | |
Mutual of Omaha Rx Plus | $85.10 | $505 | Basic | No | No | No | |
Mutual of Omaha Rx Premier | $61.90 | $505 | Enhanced | No | No | Yes | |
SilverScript Choice | $27.80 | $505 | Basic | Yes | No | No | |
SilverScript Plus | $74.00 | $0 | Enhanced | No | Yes | No | |
SilverScript SmartSaver | $4.80 | $505 | Enhanced | No | No | No | |
Wellcare Classic | $27.90 | $505 | Basic | Yes | No | No | |
Wellcare Medicare Rx Value Plus | $71.30 | $0 | Enhanced | No | No | No | |
Wellcare Value Script | $10.60 | $505 | Enhanced | No | No | Yes |
Please note that 2024 Medicare Part D plan information for Kentucky beneficiaries will not be available until early October.
Sign-Up for 2024 Medicare Part D Plan Notification
Every Part D Plan in Kentucky Has 4 Cost Phases
Medicare prescription drug plans are designed to help Medicare beneficiaries pay for their prescription drugs. Some of the cost-sharing concepts of these plans are foreign to new Medicare beneficiaries, so let's look at the four phases.
Phase 1 is the Deductible
A Medicare Part D plan's deductible is the amount you pay out-of-pocket before the initial coverage phase begins and the plan begins paying its share. So, if you enroll in a plan with a $225 deductible, you'll spend that much at the pharmacy for your prescriptions. After that amount, you will pay the copay amount only until you reach the coverage gap. Most Medicare prescription drug plans have a deductible, however, many plans exclude Tier 1 drugs from the deductible, which gives you first-dollar coverage on most lower-cost medications.
NOTE: The maximum Part D plan deductible in 2023 is $505.
The Initial Coverage Limit is the Second Phase
The 2023 Initial Coverage Limit (ICL) is $4,660. The ICL phase is when your Part D plan begins to pay the bulk of the costs. If your prescription costs exceed $4,660, you will enter the Coverage Gap phase (aka, "donut hole").
The Coverage Gap is the Third Phase
After your gross drug costs have reached $4,660, you will enter the Coverage Gap phase. This is where you will pay 25% of your medication's retail cost. While the price of generic drugs might not be much different, what you pay for brand-name drugs will be higher (because you're paying 25% of the full price). This will continue until you reach $7,400 in True Out Of Pocket Costs (TrOOP).
Some plans offer additional gap coverage, so look for it on the plan information pages.
Catastrophic Coverage is the Fourth Phase
After you have spent $7,400 in true out-of-pocket costs on your medications, you get out of the coverage gap phase and you automatically receive "catastrophic coverage". In this phase, you will only have to pay a small percentage of coinsurance or payment on covered drugs for the rest of the year.
The out-of-pocket costs that help you get catastrophic coverage include:
- Your plan's deductible;
- What you paid during the initial coverage limit period;
- Most of the full cost of brand-name drugs (and the manufacturer’s discount) purchased in the coverage gap;
- The amount paid by others, including family members, most charities, and other persons on your behalf; and
- The amount paid by State Pharmaceutical Assistance Programs (SPAPs), AIDS Drug Assistance Programs, and the Indian Health Service.
Choose Your Part D Plan with Care
Choose from the available Part D Medicare plans carefully, and don't settle on a Part D plan until you know that your most expensive medications are covered at a price you can afford. This information is available in the plan's formulary. You'll find links to the formulary information, pharmacy information, and the customer service phone number on each PDP page (above).
VITAL: Identifying the best Medicare Part D Plans requires research. What works the best for you is all about your regular prescriptions (if any), your health, and what you can afford.
Did you Know Most Medicare Advantage Plans Include Prescription Benefits?
Your Medicare benefits are flexible, and there's more than one way to get prescription drug coverage. If you want to keep your Original Medicare, you can enroll in one of the stand-alone prescription drug plans available in Kentucky. The other way to get Part D coverage is to enroll in one of the many Medicare Advantage Plans available in Kentucky that include Part D benefits.
Combining a Medicare Supplement and Medicare Part D Benefits
With Original Medicare you are responsible for paying about 20 percent of all hospital and medical bills. Without additional protection, even a brief hospital stay can cost you thousands out-of-pocket. That's why we maintain a complete directory of Kentucky Medicare Supplement Insurance, also known as Medigap. We make it easy to find the best rates on the coverage you want. All Medicare supplements sold in Kentucky plans are 100% compatible with Medicare Part D plans.
Kentucky Medicaid and Your Medicare Part D
Kentucky beneficiaries who qualify for both Medicare and Medicaid (aka, "dual eligible" or "Medi-Medi") may be enrolled in a Kentucky Medicare Prescription Drug Plan automatically, as well as Social Security's Extra Help program. The Extra Help program pays for most of your prescriptions, but only if you meet the strict eligibility requirements. If the dual eligible option does not meet your needs, you have the option to enroll in a Kentucky Part D plan that does. If you are already receiving Medicaid, contact your local Medicaid office for assistance in the transition to Medicare.
Plans Offered
Medicare Advantage and Part D plans and benefits offered by the following carriers: Aetna Medicare, Anthem Blue Cross Blue Shield, Aspire Health Plan, Centene Corporation, Dean Health Plan, Devoted Health, GlobalHealth, Health Care Service Corporation, Cigna-HealthSpring, Humana, Molina Healthcare, Mutual of Omaha, Oscar Health Insurance, Premera Blue Cross, Medica Central Health Plan, SCAN Health Plan, Scott and White Health Plan now part of Baylor Scott & White Health, and UnitedHealthcare.
Citations & References
- Medicare.gov, "How to get prescription drug coverage", Last Accessed September 3, 2022
- Medicare.gov, "How Part D works with other insurance", Last Accessed July 14, 2022
- Medicare.gov, "Costs for Medicare drug coverage", Last Accessed September 3, 2022
- Medicare.gov, "Are prescription drugs covered in Medicare Advantage plans?", Last Accessed June 6, 2022
- SSA.gov, "Extra Help with Medicare Prescription Drug Plan Costs", Last Accessed June 1, 2022
- CMS.gov, "Landscape Source Files", Last Accessed January 15, 2023
- CMS.gov, "Medicare Part C & D Performance", Last Accessed January 15, 2023