Medicare Supplement (Medigap) Plans in South Carolina
Key Takeaways
- Original MedicareOriginal Medicare is a fee-for-service health insurance program available to Americans aged 65 and older and some individuals with disabilities. Original Medicare is provided by the federal government and is made up of two parts: Part A (hospital insurance) and Part B (medical insurance). pays 80% of most covered healthcare services. You pay the remaining 20%.
- Medicare Supplement Plans can cover your coinsurance and copayments to lower your out-of-pocket costs.
- There are 12 Medigap plans available in South Carolina, each with different cost and coverage options.
- Medigap plans do not cover any Medicare AdvantageMedicare Advantage (Medicare Part C) is health insurance for Americans aged 65 and older that blends Medicare benefits with private health insurance. This typically includes a bundle of Original Medicare (Parts A and B) and Medicare Prescription Drug Plan (Part D). costs. Medicare Supplement Plans only cover out-of-pocket costs for Original Medicare.
What is Original Medicare?
Original Medicare in South Carolina offers Medicare Part A and Part B coverage. This includes hospital care, medical care and preventative services. But Medicare coverage doesn’t pay the entire cost of covered services. When you access care, Original Medicare pays for 80% of the covered service, and you pay the remaining 20% coinsurance. Some services include a fixed-rate payment, and this is called your copayment.
Original Medicare costs include:
- Medicare Part A premium: Most people qualify for premium-free Part A, but if you need to buy Part A your monthly premium is $499 in 2022.
- Part A deductible: Before your coverage begins, you’ll need to reach your $1,556 yearly deductible in 2022.
- Part B premium: The monthly Part B premium starts at $170.10 per month.
- Part B deductible: Before your Part B coverage starts, you’ll need to pay your $233 yearly deductible.
- Coinsurance and copayments: Each time you access care you’ll pay your portion of the covered service.
- Part B excess charges: If your provider charges more than the Medicare-approved amount, you will pay the difference.
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South Carolina Medicare Supplement Plan Coverage
Medicare Supplement Plans in South Carolina can help you fill in the cost gaps in Original Medicare. These plans can lower your out-of-pocket costs by covering your coinsurance, copayments or even deductibles.
There are 12 Medigap plans available in South Carolina, including Medigap Plan A, Plan B, Plan C, Plan D, Plan F, Plan G, Plan K, Plan L, Plan M and Plan N. Medigap Plan F and Plan G also offer high-deductible plans to give you even more cost and coverage options.
All Medicare Supplement Plans in SC must offer a few key benefits:
- Part A coinsurance for hospital and hospice care
- Part B coinsurance and copayments
- Blood (first 3 pints) needed during a medical procedure
- Part A coinsurance for skilled nursing facility care
- Part A yearly deductible
- Part B yearly deductible
- Part B excess charges
- Foreign travel medical emergency coverage
SC Medigap Plan Costs
While coverage options are standardized, the costs of Medigap plans in SC are set by each insurance company. Medigap plan premiums in SC range from $26 to $940 in 2022 depending on the plan and the provider. Other factors that may impact the cost include where you live, your age, your health status and when you purchase the plan.
Insurance companies use three formulas to determine the cost of Medicare Supplement Plans:
- Community-rated: Everyone in the community pays the same price for each Medigap plan.
- Issue-age-rated: Your age will determine how much you pay for the plan. Prices are usually higher for older adults.
- Attained-age-rated: Your current age will determine how much your plan costs. This plan may be very affordable when you first enroll, but the cost increases every year.
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Medicare Supplement Plan Eligibility & Enrollment in South Carolina
You’re eligible for a Medigap plan if you’re enrolled in Original Medicare Part A and Part B. As long as you have Original Medicare coverage, you can purchase a Medigap plan.
The best time to enroll in a Medigap plan is during your Medigap Open Enrollment Period. This six-month period starts the first day your Medicare Part B coverage begins. During the Open Enrollment Period you’ll have guaranteed issue rights and plan providers must sell you a plan. They can’t use medical underwriting to deny coverage or increase your premiums. Just remember that your guaranteed issue rights end when your Medigap Open Enrollment Period ends.
Are There South Carolina Medicare Supplement Plans with Prescription Drug Coverage?
Medigap plans do not include prescription drug coverage.These plans only cover Original Medicare costs and do not include medication coverage.
You can get prescription drug coverage by enrolling in a Medicare Part D plan. Part D plans work alongside Original Medicare to cover your medications. However, Medigap plans will not cover any Part D out-of-pocket costs or help with prescription drug costs.
Medigap vs. Medicare Advantage in South Carolina
Medicare Advantage plans and Medigap plans don’t work together. Medicare Advantage plans are an alternative to Original Medicare, and they bundle all your benefits into one standalone plan. You’ll get all the same coverage as Original Medicare, and most plans include additional benefits such as prescription drug coverage, dental coverage and more.
Medigap plans only work with Original Medicare. A Medigap plan covers Original Medicare coinsurance, copayments and deductibles to lower your out-of-pocket costs. Medigap plans do not cover Medicare Advantage plan costs and you can’t have both plans at the same time.
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Who can purchase a Medigap Plan F or Plan C?
Can I buy a Medigap plan if I'm under 65?
Medicare Learning Guides
Healthcare is personal. So is choosing insurance. If you are new to Medicare, a beneficiary researching options, or a caregiver, we have tailored Medicare Guides for you.
Before 65 Guide
Understanding health insurance before age 65, especially when considering early retirement
Medicare Plans Guide
Costs, coverage and enrollment details for each Medicare plan
Medicare Beneficiary Guide
For those currently enrolled in Medicare
Low Income and Medicare Guide
For individuals with a qualifying income status
A Caregiver's Guide
For individuals with a qualifying income status
Sources
- Medicare costs at a glance. Medicare.gov
- Supplement Insurance (Medigap) plans in South Carolina. Medicare.gov
- Medicare Supplement Insurance (p. 8). DOI.SC.gov
This website is operated by GoHealth, LLC., a licensed health insurance company. The website and its contents are for informational and educational purposes; helping people understand Medicare in a simple way. The purpose of this website is the solicitation of insurance. Contact will be made by a licensed insurance agent/producer or insurance company. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. Our mission is to help every American get better health insurance and save money.
Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.