Best Cheap Health Insurance in Kentucky 2019

Find the Cheapest Health Insurance Quotes in Your Area

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The Kentucky state health insurance exchange or Medicaid can offer cheap health insurance plans for residents, although the best policy will depend on your medical needs and financial situation. We analyzed all health insurance plans on the Kentucky marketplace and found that either the CareSource Low Premium Silver or Anthem Silver Pathway X HMO 5300 was the cheapest Silver plan available in most counties. Hardin County was the only exception: Anthem Silver Pathway X Transition HMO 6350 was the lowest-cost Silver health plan. Although these plans are the best-priced Silver policies in the state, their actual price will vary based on the county in which you live.

Cheapest Health Insurance by Metal Tier

We compared Kentucky health insurance plans by metal tier and identified the cheapest policy in the state for each level of coverage. You can use the table below to compare the different costs and benefits between each metal tier. For example, the CareSource Low Premium Silver is the cheapest Silver plan, and it comes with a minimum monthly premium of $299 for a 40-year-old and a deductible of $6,150. On the other hand, the minimum monthly premium for the cheapest Gold plan, CareSource Gold, is $352, but it has a much lower deductible of $1,500. Although CareSource provides the cheapest plans in Kentucky, the cheapest plan for your county may differ depending on insurer availability.

Metal tierCheapest planDeductibleOut-of-pocket MaximumMonthly cost for 40-year-old
CatastrophicCareSource Catastrophic$7,350$7,350$189.35
BronzeCareSource Bronze$7,250$7,350$222.27
Expanded BronzeCareSource Federal Simple Choice Bronze$6,650$7,350$257.88
SilverCareSource Low Premium Silver$6,150$7,300$298.83
GoldCareSource Gold$1,500$5,000$352.19

Find the Cheapest Health Insurance Quotes in Your Area

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Your age and the metal tier of the plan you choose are two important factors that impact your monthly health insurance premium. As the policyholder's age increases, premiums across all metal tiers will increase. For Kentucky, this means a premium for a 40-year-old will be 22% more expensive than for a 21-year-old. That same 40-year-old would pay 53% lower rates for a policy than a 60-year-old.

Average Monthly Cost of Health Insurance Plans by Metal Tier in Kentucky

Finding the Best Health Insurance Coverage in Kentucky

The best health insurance policy for you is one that fits your medical needs and financial situation. Typically, policies in the higher metal tiers (Silver and Gold) have costlier monthly premiums, but they also provide lower out-of-pocket expenses, like deductibles, copays and coinsurance. These plans are best if you think you may become sick or already have high recurring medical costs that arise from chronic conditions. On the other hand, those who are young and healthy or don't expect to have many medical costs may wish to choose a plan in a lower metal tier (Bronze, Expanded Bronze and Catastrophic) to save money.

Gold Plans: Best for High Expected Medical Costs

Gold plans are the highest metal tier available in Kentucky and typically cover the greatest share of out-of-pocket costs, which means you'll pay lower deductibles, copays and coinsurance. These benefits come at the expense of a higher monthly premium. The average cost of a Gold plan in Kentucky is 19% greater than the average cost of a Silver health plan. Generally, Gold health insurance policies are the best in terms of cost-effectiveness if you expect to incur high medical expenses, such as from chronic conditions, or you have costly prescriptions. You can expect these plans to cover about 80% of your medical costs, while you pay for the remaining 20%.

Silver Plans: Best for Those With Low Income or Average Medical Costs

The coverage and cost of Silver plans fall between Gold and Bronze plans. They can be a good option if you want a lower monthly premium than a Gold plan but higher health coverage than a Bronze plan. However, Silver plans are eligible for cost-sharing reduction (CSR) subsidies that would further lower out-of-pocket expenses for low-income families. Typical Silver plans cover about 70% of your health care costs while you pay 30%. But with CSR subsidies, you could qualify for a Silver plan that covers up to 94% of your health care costs.

Bronze and Catastrophic Plans: Best for Young, Healthy People

Catastrophic and Bronze health insurance plans offer the cheapest monthly premiums, but the trade-off is that they also offer the lowest coverage. Furthermore, Catastrophic plans are only available to people who are younger than 30 or can qualify for an exemption. Bronze plans are available to everyone, and premiums are 36% cheaper than Silver plans on average. But, if you need medical care during the year, you would have to pay more out of pocket before coverage kicks in.

On average, you can expect a Bronze plan to cover about 60% of your health costs, while you pay for the other 40%. Expanded Bronze plans increase coverage to about 65%, while you pay roughly 35%. Therefore, we would only recommend these plans if you have the financial means to cover a large portion of a potential medical emergency.

Best Cheap Health Insurance Companies in Kentucky

Since the Affordable Care Act was passed, Kentucky has been one of the most successful states in reducing the uninsured rate. There are currently two health insurance companies on the Kentucky state exchange: Anthem Health Plans of KY(Anthem BCBS) and CareSource Kentucky Co. There is only one insurer available per county, but you will still be available to find a range of plans in different metal tiers to fit your needs.

Cheapest Health Insurance Plan by County

The cheapest Silver health insurance policy in Kentucky is either the Anthem Silver Pathway X HMO 5300, CareSource Low Premium Silver or Anthem Silver Pathway X Transition HMO 6350, depending on where you live. But the cost of these plans will differ depending on where you live, your age and the number of people covered. In Jefferson County, for instance, a 40-year-old would pay $4 more per month for the same policy than they would pay in Fayette County. The table below shows the sample monthly rates for the most affordable plan in each county for an individual, a couple and a family of three.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
AdairAnthem Silver Pathway X HMO 5300$490$980$1,273
AllenAnthem Silver Pathway X HMO 5300$490$980$1,273
AndersonCareSource Low Premium Silver$374$748$972
BallardAnthem Silver Pathway X HMO 5300$458$916$1,190
BarrenAnthem Silver Pathway X HMO 5300$490$980$1,273
BathCareSource Low Premium Silver$360$721$936
BellAnthem Silver Pathway X HMO 5300$507$1,015$1,319
BooneCareSource Low Premium Silver$411$822$1,068
BourbonCareSource Low Premium Silver$374$748$972
BoydCareSource Low Premium Silver$360$721$936
BoyleCareSource Low Premium Silver$374$748$972
BrackenCareSource Low Premium Silver$360$721$936
BreathittAnthem Silver Pathway X HMO 5300$507$1,015$1,319
BreckinridgeAnthem Silver Pathway X HMO 5300$423$846$1,099
BullittCareSource Low Premium Silver$378$757$983
ButlerAnthem Silver Pathway X HMO 5300$490$980$1,273
CaldwellAnthem Silver Pathway X HMO 5300$458$916$1,190
CallowayAnthem Silver Pathway X HMO 5300$458$916$1,190
CampbellCareSource Low Premium Silver$411$822$1,068
CarlisleAnthem Silver Pathway X HMO 5300$458$916$1,190
CarrollCareSource Low Premium Silver$378$757$983
CarterCareSource Low Premium Silver$360$721$936
CaseyCareSource Low Premium Silver$299$598$777
ChristianAnthem Silver Pathway X HMO 5300$481$962$1,250
ClarkCareSource Low Premium Silver$374$748$972
ClayCareSource Low Premium Silver$410$820$1,065
ClintonAnthem Silver Pathway X HMO 5300$490$980$1,273
CrittendenAnthem Silver Pathway X HMO 5300$458$916$1,190
CumberlandAnthem Silver Pathway X HMO 5300$490$980$1,273
DaviessAnthem Silver Pathway X HMO 5300$481$962$1,250
EdmonsonAnthem Silver Pathway X HMO 5300$490$980$1,273
ElliottCareSource Low Premium Silver$360$721$936
EstillCareSource Low Premium Silver$374$748$972
FayetteCareSource Low Premium Silver$374$748$972
FlemingCareSource Low Premium Silver$360$721$936
FloydCareSource Low Premium Silver$410$820$1,065
FranklinCareSource Low Premium Silver$374$748$972
FultonAnthem Silver Pathway X HMO 5300$458$916$1,190
GallatinCareSource Low Premium Silver$411$822$1,068
GarrardCareSource Low Premium Silver$374$748$972
GrantCareSource Low Premium Silver$411$822$1,068
GravesAnthem Silver Pathway X HMO 5300$458$916$1,190
GraysonAnthem Silver Pathway X HMO 5300$423$846$1,099
GreenAnthem Silver Pathway X HMO 5300$490$980$1,273
GreenupCareSource Low Premium Silver$360$721$936
HancockAnthem Silver Pathway X HMO 5300$481$962$1,250
HardinAnthem Silver Pathway X Transition HMO 6350$342$684$889
HarlanAnthem Silver Pathway X HMO 5300$507$1,015$1,319
HarrisonCareSource Low Premium Silver$374$748$972
HartAnthem Silver Pathway X HMO 5300$490$980$1,273
HendersonAnthem Silver Pathway X HMO 5300$481$962$1,250
HenryCareSource Low Premium Silver$378$757$983
HickmanAnthem Silver Pathway X HMO 5300$458$916$1,190
HopkinsAnthem Silver Pathway X HMO 5300$481$962$1,250
JacksonCareSource Low Premium Silver$374$748$972
JeffersonCareSource Low Premium Silver$378$757$983
JessamineCareSource Low Premium Silver$374$748$972
JohnsonAnthem Silver Pathway X HMO 5300$507$1,015$1,319
KentonCareSource Low Premium Silver$411$822$1,068
KnottAnthem Silver Pathway X HMO 5300$507$1,015$1,319
KnoxCareSource Low Premium Silver$410$820$1,065
LarueCareSource Low Premium Silver$378$757$983
LaurelCareSource Low Premium Silver$410$820$1,065
LawrenceAnthem Silver Pathway X HMO 5300$432$864$1,122
LeeAnthem Silver Pathway X HMO 5300$507$1,015$1,319
LeslieAnthem Silver Pathway X HMO 5300$507$1,015$1,319
LetcherAnthem Silver Pathway X HMO 5300$507$1,015$1,319
LewisAnthem Silver Pathway X HMO 5300$432$864$1,122
LincolnCareSource Low Premium Silver$374$748$972
LivingstonAnthem Silver Pathway X HMO 5300$458$916$1,190
LoganAnthem Silver Pathway X HMO 5300$490$980$1,273
LyonAnthem Silver Pathway X HMO 5300$458$916$1,190
MadisonCareSource Low Premium Silver$374$748$972
MagoffinAnthem Silver Pathway X HMO 5300$507$1,015$1,319
MarionCareSource Low Premium Silver$378$757$983
MarshallAnthem Silver Pathway X HMO 5300$458$916$1,190
MartinAnthem Silver Pathway X HMO 5300$507$1,015$1,319
MasonCareSource Low Premium Silver$360$721$936
MccrackenAnthem Silver Pathway X HMO 5300$458$916$1,190
MccrearyAnthem Silver Pathway X HMO 5300$490$980$1,273
McleanAnthem Silver Pathway X HMO 5300$481$962$1,250
MeadeAnthem Silver Pathway X HMO 5300$423$846$1,099
MenifeeCareSource Low Premium Silver$360$721$936
MercerCareSource Low Premium Silver$374$748$972
MetcalfeAnthem Silver Pathway X HMO 5300$490$980$1,273
MonroeAnthem Silver Pathway X HMO 5300$490$980$1,273
MontgomeryCareSource Low Premium Silver$374$748$972
MorganCareSource Low Premium Silver$360$721$936
MuhlenbergAnthem Silver Pathway X HMO 5300$481$962$1,250
NelsonCareSource Low Premium Silver$378$757$983
NicholasCareSource Low Premium Silver$374$748$972
OhioAnthem Silver Pathway X HMO 5300$481$962$1,250
OldhamCareSource Low Premium Silver$378$757$983
OwenCareSource Low Premium Silver$374$748$972
OwsleyAnthem Silver Pathway X HMO 5300$507$1,015$1,319
PendletonCareSource Low Premium Silver$411$822$1,068
PerryCareSource Low Premium Silver$410$820$1,065
PikeAnthem Silver Pathway X HMO 5300$507$1,015$1,319
PowellCareSource Low Premium Silver$374$748$972
PulaskiCareSource Low Premium Silver$299$598$777
RobertsonCareSource Low Premium Silver$360$721$936
RockcastleCareSource Low Premium Silver$374$748$972
RowanCareSource Low Premium Silver$360$721$936
RussellAnthem Silver Pathway X HMO 5300$490$980$1,273
ScottCareSource Low Premium Silver$374$748$972
ShelbyCareSource Low Premium Silver$378$757$983
SimpsonAnthem Silver Pathway X HMO 5300$490$980$1,273
SpencerCareSource Low Premium Silver$378$757$983
TaylorCareSource Low Premium Silver$299$598$777
ToddAnthem Silver Pathway X HMO 5300$481$962$1,250
TriggAnthem Silver Pathway X HMO 5300$481$962$1,250
TrimbleCareSource Low Premium Silver$378$757$983
UnionAnthem Silver Pathway X HMO 5300$481$962$1,250
WarrenAnthem Silver Pathway X HMO 5300$490$980$1,273
WashingtonCareSource Low Premium Silver$378$757$983
WayneAnthem Silver Pathway X HMO 5300$490$980$1,273
WebsterAnthem Silver Pathway X HMO 5300$481$962$1,250
WhitleyCareSource Low Premium Silver$410$820$1,065
WolfeCareSource Low Premium Silver$410$820$1,065
WoodfordCareSource Low Premium Silver$374$748$972

Average Cost of Health Insurance by Family Size in Kentucky

The health plan you choose, the number of people covered and their ages will all contribute to the cost of health insurance for your family in Kentucky. If you add children to your health insurance plan, each child will cost a flat rate for coverage until they are 15 years old. Once they reach 15, the monthly rate will increase as they grow older. For instance, the average monthly health insurance cost for a family of four, assuming two 40-year-old parents and two children on a Silver plan, is $1,422 in Kentucky. If you were to add another child to the plan, the monthly premium would increase by $266. So for a family of five, the total monthly cost of health coverage would be $1,689.

Family sizeAverage monthly cost of health plan
Single adult$445
Adult couple$890
Family of three (adult couple and a child)$1,156
Family of four (adult couple and two children)$1,422
Family of five (Adult couple and three children)$1,689
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Kentucky.

Comments and Questions

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.