South Carolina Medicare plans are sold by a surprisingly large number of Medigap insurance carriers. After all, this state’s warm weather and reasonable tax rates have attracted over 800,000 Medicare beneficiaries.
South Carolina Medigap insurance carriers
While many reputable carriers like Blue Cross and Blue Shield of South Carolina and Aetna have Medigap options, several other A-rated carriers offer competitive prices. Since Medicare supplement benefits are standardized, you can sometimes take advantage of savings with one of these carriers. Savings can sometimes be hundreds of dollars per year, and when living on a fixed income, every dollar counts.
Keep in mind as well that all health insurance companies are subject to annual inflation. This means that your Medigap plan will have rate increases over time. However, you can contact the Boomer Benefits Client Services Team each year when your policy renews to review other rates.
Medigap plans in South Carolina
South Carolina offers all Medigap plans that are offered in nearly every other state. There are ten plan options plus one high-deductible option currently, Plan A, B, C, D, F, G, K, L, M, and N. However, after 2020, Plan C, Plan F, and the high-deductible Plan F won’t be available to new Medicare enrollees.
If you’re eligible for Medicare on January 1, 2020, or any time after that, then you will have Plan A, B, D, G, K, L, M, and N as options plus a high-deductible option for Plan G. But don’t fret too much about Plan F not being available; Plan G is usually the more cost-effective option anyway.
Medigap under 65 in South Carolina
In this state, Medigap carriers do not have to offer plans to people under 65. If a carrier does, you will usually find perhaps only Medigap Plan A available for purchase, and it will likely be quite expensive. A great option is to consider Medicare Advantage for now while under 65, and later when you turn 65, you will have a second open enrollment window to buy a Medigap plan without health questions. The plans will be much more affordable at 65.
Medicare Advantage in South Carolina
For South Carolina residents interested in Medicare Advantage plans, there are many great plan options. HMO options generally offer the lowest premiums, but there are reasonably priced PPO options as well. There are more than 260,000 Medicare beneficiaries enrolled in these plans through the state.
Most South Carolina Medicare Advantage plans include prescription drug coverage. For people choosing Medigap options, there are standalone Part D drug plan options, too.
Common Questions About South Carolina Medicare:
Here are some common questions our team gets about South Carolina Medicare Supplements.
Although you can apply anytime during the year for a Medicare Supplement plan in South Carolina, there is only one time you can do so without having to answer any health questions – your one-time 6-month Open Enrollment window.
If you have a Medicare Supplement plan, you’ll need a Part D plan for prescription drug coverage. However, if you have a Medicare Advantage plan, your plan likely includes a Part D plan already.
If you became eligible for Medicare in 2019 or earlier, then yes, you can apply for Plan F. However, if you became eligible for Medicare in 2020 or later, then you do not have Plan F available to you.
Need help with finding the right plan? Contact us today for assistance from a friendly licensed insurance agent. We can help you sort through the options to choose the carrier that is most suitable for your needs.